JPMorgan Warns Tether's Growing Stablecoin Dominance Risks Crypto Ecosystem
• Tether's increasing dominance over stablecoins is viewed negatively by JPMorgan as it could risk the wider crypto ecosystem • Tether faces significant regulatory risk due to its lack of transparency and compliance • Other more regulatory-compliant stablecoins like USD Coin could benefit from a potential stablecoin crackdown • Tether has seen huge growth recently in market cap and adoption across exchanges and DeFi • Tether benefited from recent issues with competing stablecoins USD Coin and Binance USD