Major US Banks and PayPal Dey Quickely Rollout Stablecoin
Bank of America and JPMorgan Chase dey quicken how dem enter stablecoin market. Earlier dis year, Bank of America send RFI for dollar-pegged digital dollar stablecoin to make interbank and cross-border payments faster. JPMorgan get plan to expand their JPM Coin pilot to bigger stablecoin services. PayPal PYUSD dey live already for Ethereum and Solana, plus dem get Arbitrum deployment plus rewards program to boost adoption. Global stablecoin market don grow reach $258.5 billion market value with $143.1 billion average daily trading volume. Regulators like SEC and Federal Reserve dey consider targeted exemptions to promote asset tokenization. Traders suppose watch stablecoin issuance updates plus regulatory rulings as wider bank adoption plus new payment use cases fit change liquidity and trading volumes.
Bullish
Di announcement say Bank of America and JPMorgan Chase dey push forward dollar-pegged stablecoin projects together with PayPal wey don deploy PYUSD live, e dey very good for stablecoin sector. For short term, traders fit expect say demand for on-chain dollar tokens go increase as institutions dey try pilot projects and liquidity pools dey grow. Faster settlement time and lower fees fit attract volume comot for traditional rails, e go boost transaction flow for Ethereum, Solana, and Layer-2 networks like Arbitrum. For long term, clear regulation and precise exemptions fit clear road for banks and payment firms to take adopt tokenized assets widely. Better participation from institutions go strengthen stablecoin credibility, deepen market liquidity, and create new arbitrage plus trading opportunities wey go support price stability and growth for tokens like USDC, USDT and PYUSD.