Tokenized Treasuries Like BlackRock's BUIDL May Challenge Stablecoins

Tokenized Treasuries Like BlackRock's BUIDL May Challenge Stablecoins

JPMorgan (JPM) states in a recent report that tokenized treasuries, despite their potential, are unlikely to fully replace stablecoins in the crypto ecosystem. While it is "conceivable" that tokenized treasuries might gradually replace some of the idle cash currently held within stablecoins, regulatory hurdles make a full replacement improbable. Tokenized treasuries, such as BlackRock's BUIDL, fall under securities classifications and thus fa...

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