[Fitch: U.S. Banks Could Face Downgrades if Crypto Exposure Is Too High, Warning of Stablecoin Risks] Fitch Ratings stated that if U.S. banks have significant and concentrated exposure in the crypto sector, Fitch may negatively reassess their business models or risk profiles. Fitch noted that while crypto integration enhances efficiency, it also comes with reputational and compliance risks. Banks like JPMorgan Chase have already entered this field. Fitch warned that if the scale of stablecoins expands to the point of impacting the U.S. Treasury market, it could pose financial stability risks. Moody's also pointed out that widespread adoption of stablecoins could weaken the dollar's monetary transmission mechanism.