JPMorgan: Stablecoins retain the edge over tokenized money market funds, JPMorgan says

The bank said tokenized money market funds account for only about 5% of the broader stablecoin universe despite offering yield. What to know : JPMorgan said tokenized money market funds remain a small share of the stablecoin market because of regulatory hurdles. Stablecoins continue to dominate crypto trading, collateral and payments due to their seamless use across exchanges and DeFi. The bank expects tokenized money market funds to grow, but likely not beyond 10%-15% of the stablecoin market without regulatory changes.(Coindesk)