Tokenized Treasuries Like Blackrock’s (BLK) BUIDL Will Challenge Stablecoins But Won’t Fully Replace Them, JPMorgan (JPM) Said

The report additionally mentioned the quantity of “idle cash” inside stablecoins is difficult to calculate, however it’s unlikely to “represent the majority of the stablecoin universe.” For that reason, tokenized treasuries, akin to Blackrock’s BUIDL, will probably solely substitute a small a part of the stablecoin market, JPMorgan famous.