The JPMorgan report reveals for the first time: Wall Street is turning Ethereum into a 'stablecoin printing machine'! After the passage of the GENIUS Act, institutional compliant stablecoin issuance will shift from 'testing' to 'tsunami-level deployment', with all funds, whether through L1 main chain or L2 (like Arbitrum, Optimism), ultimately injecting value into the ETH ecosystem! This means — ETH will become the 'golden pipeline' on the institutional capital chain, with every stablecoin transaction acting as a fuel fee black hole for ETH!
Disruptive Valuation Logic Revolution
In traditional understanding, the rise of ETH relies on the DeFi or NFT craze, but JPMorgan reveals the truth: stablecoins are the 'invisible core engine' of ETH! Currently, Ethereum holds over 65% of the total stablecoins on the network (about 140 billion USD), and the new compliant stablecoins entering Wall Street (such as Citi Coin, Goldman Sachs USD) will push the scale to over 300 billion USD. According to the staking economic model, for every additional 10 billion stablecoins, the annual deflation rate of ETH skyrockets by 1.2% — the supply-demand fracture is irreversible!
Absolute Market Impact
Short-term Nuclear Explosion: Asset management giants like BlackRock and Fidelity are secretly laying out ETH L2 stablecoin protocols (rumored to be officially announced in late August), and the tens of billions in buying will drive a violent surge.
Long-term Hegemony: ETH as the settlement layer for stablecoins will consume shares from Visa and SWIFT, with daily on-chain settlement volumes potentially exceeding one trillion USD, and ETH staking annual yields could surge to over 15% (crushing government bonds)!
Death Spiral Warning: Competing chains like SOL and ADA have not formed stablecoin infrastructure, and funds will be siphoned away by ETH!
Convergence Practical Strategy
Urgent Increase in ETH and L2 Leaders ($ARB/$OP): L2 is the preferred testing ground for institutional stablecoins, and valuations have not been fully priced!
Shorting Weak Public Chains with Stablecoins: The SOL ecosystem stablecoin's market cap is less than 3% of ETH, and a liquidity crisis is imminent!
Ambush Compliant Stablecoin Proxy Tokens: $MKR (DAI issuer), $SNX (sUSD synthetic asset) will receive direct investments!
Convergence Warning
The essence of the JPMorgan report is a rallying cry for Wall Street to harvest retail investors! When institutional stablecoins complete their deployment, ETH Gas fees will enter 'turbine deflation' due to an explosion in transaction volume, with $5000 being just the starting point; missing this moment = missing the 2025 wealth train!
Top-level support is in place! Focus on convergence; convergence is only missing one thing: a crazy ambition like yours!
$ETH