JPMorgan downplays stablecoin threat as local bankers warn of $6.6 trillion risk

JPMorgan, the prominent global financial services firm, is currently downplaying the potential threat posed by stablecoins in the financial landscape. Meanwhile, regional bankers are expressing significant concerns, highlighting that the widespread adoption of stablecoins could lead to risks amounting to an alarming $6.6 trillion. These contrasting viewpoints underscore the complexity of the evolving financial ecosystem, where traditional banking institutions grapple with the rapid rise of digital currencies and their implications for market stability and regulatory frameworks. source: https://www.coindesk.com/policy/2026/01/11/jpmorgan-downplays-stablecoin-threat-as-local-bankers-warn-of-usd6-6t-risk