JPM report one-sentence summary: RWA is great, but stablecoins are even more useful.

CoinWorld News reports that JPMorgan Chase stated in a report on Wednesday that although tokenized money market funds can generate returns, their share in the stablecoin market remains only about 5%. The bank said that crypto market participants continue to prefer stablecoins because they have become the default cash tool for trading, collateral management, settlement, cross-border payments, and liquidity management. The report pointed out that money market funds face "structural regulatory disadvantages" because they are classified as securities, subject to registration, disclosure, reporting, and transfer restrictions, which limit their circulation within the crypto ecosystem. JPMorgan analysts stated that unless there is a regulatory change, the market share of tokenized money market funds is unlikely to exceed 10%-15%.