【J.P. Morgan: The Growing Scale of Stablecoins in the Ethereum Ecosystem May Drive Continued ETH Price Increases】Golden Finance reports that J.P. Morgan noted in a report on Thursday that as Wall Street begins to issue large amounts of stablecoins within the Ethereum ecosystem, the recent outperforming performance of ETH may continue. According to the bank's analysts, a series of dollar-pegged tokens—following the recent passing of the GENIUS Act last month, which provides a regulatory framework for stablecoins—are expected to impact Ethereum's price, even if these assets are issued on layer two networks rather than directly on the Ethereum main chain. Analysts stated: 'We believe that Ethereum is becoming a direct pathway to access the anticipated rapid growth opportunities of stablecoins, as the Ethereum network hosts most of these stablecoin assets, whether directly hosted as L1 or indirectly through some L2.'

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