[JPMorgan: Tokenized Money Market Funds Unlikely to Exceed 15% of Stablecoin Market] According to The Block, JPMorgan analysts stated that tokenized money market funds are expected to continue growing, but unless regulatory rules change, their scale is unlikely to exceed 10% to 15% of the stablecoin market. Currently, tokenized money market funds account for only about 5% of the stablecoin market. Analysts pointed out that stablecoins have become the preferred cash tool in the crypto ecosystem, widely used for collateral management, trading, settlement, cross-border payments, and daily liquidity management. In contrast, tokenized money market funds face structural regulatory disadvantages: they are typically classified as securities and are subject to requirements such as registration, disclosure, reporting obligations, and transfer restrictions, making it difficult for them to circulate freely within the crypto ecosystem.