“We see the potential for institutional investors to hold less USDC given the opportunity cost of holding quasi-cash that doesn’t offer a yield. We also see retail holding less of its fiat at Coinbase since it doesn’t get a yield. As such, we see the potential for USDC balances and fiat balances to decline for Coinbase,” JPMorgan wrote.
Hong Kong, China Expand Cross-Border Digital Yuan Trial With E-CNY Wallets for HK Residents
The HKMA intends to continue working with the PBOC to expand the application of the e-CNY. The HKMA plans to...