JP Morgan: Crypto market participants becoming more reliant on stablecoins following Silvergate Bank closure  

Zoran Bajic

Stablecoins 1 year ago
1 QCP
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JP Morgan (JPM) released a research report Wednesday which suggested that it will take time for new banking networks to fill the void left by Silvergate Bank, Silicon Valley Bank, and Signature Bank in the U.S.. In the meantime, crypto market participants and investors appear to have turned more towards stablecoins to move money around.

https://www.cryptopolitan.com/jp-morgan-crypto-participants-reliant-stableccoins-silverbank-closure/
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