JPMorgan Says Circle, Coinbase Face Stablecoin Profit Pressure

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JPMorgan warned that stablecoin issuer Circle and exchange Coinbase will face profitability pressures due to tightening regulations and intensifying market competition. This analysis questions the sustainability of the stablecoin model, a key revenue source for the crypto market, dampening investor sentiment. Investors should closely monitor upcoming regulatory frameworks and changes in market share.

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