JPMorgan Predicts Ethereum’s Rise Driven by Stablecoin Growth

JPMorgan predicts a surge in Ethereum prices fueled by the rapid expansion of stablecoins, which rely heavily on the Ethereum network for operation. This outlook follows the US government’s passage of the GENIUS Act in July, providing clarity and regulations to stablecoin issuers. 📈🚀 This has prompted major players like Amazon, Citigroup, and Mastercard to accelerate their stablecoin initiatives, particularly after the success of Circle’s IPO.