Токенизированные казначейские облигации, такие как BUIDL от Blackrock, бросят вызов стейблкоинам, но T заменят их полностью: JPMorgan from

Tokenized Treasuries Like BlackRock’s BUIDL to Challenge Stablecoins, but T-Bills Unlikely to Be Displaced Entirely: JPMorgan

JPMorgan's View on Tokenized Treasuries and Stablecoins

JPMorgan believes that tokenized Treasuries, such as BlackRock's BUIDL, could potentially challenge stablecoins. Tokenized Treasuries are digital representations of U.S. Treasury securities that can be traded on a blockchain. Stablecoins, on the other hand, are cryptocurrencies that are pegged to the value of a fiat currency, such as the U.S. dollar. JPMorgan's strategists argue that tokenized Treasuries have several advantages over stablecoins. First, they are backed by the full faith and credit of the U.S. government, which makes them a very safe investment. Second, they can be traded on a blockchain, which makes them more efficient and transparent than traditional Treasuries.

Tokenized Treasuries vs. Stablecoins

However, JPMorgan also believes that tokenized Treasuries are unlikely to completely replace stablecoins. Stablecoins are still more convenient to use than tokenized Treasuries, as they can be used to make payments and purchases online. Additionally, stablecoins are more widely accepted than tokenized Treasuries. Overall, JPMorgan believes that tokenized Treasuries could be a significant challenge to stablecoins, but they are unlikely to completely replace them. Stablecoins still have several advantages over tokenized Treasuries, including their convenience and wide acceptance.

Conclusion

The development of tokenized Treasuries is a significant development in the cryptocurrency market. Tokenized Treasuries have the potential to make Treasuries more accessible to a wider range of investors. They could also help to reduce the cost of trading Treasuries and make them more transparent. However, it is unlikely that tokenized Treasuries will completely replace stablecoins. Stablecoins still have several advantages over tokenized Treasuries, including their convenience and wide acceptance.