🎉There is news again in the blockchain industry! JPMorgan Chase recently stated that while the growth in capitalization of the stablecoin market is exciting, USDT’s growing dominance also raises concerns. 😨 Analyst Nikolaos Panigirtzoglou pointed out in the report that Tether faces the greatest risks due to a lack of regulatory compliance and transparency. The increase in Tether concentration over the past year has been negative for the stablecoin universe and the broader crypto ecosystem.

🔍Globally, stablecoin issuers face regulatory risks. In the United States, the Payment Stablecoin Clarity Act is awaiting congressional approval; while in Europe, the Markets in Crypto-Assets (MiCA) regulations are expected to be partially implemented in June this year. 🌍

📈Analysts believe that those stablecoin issuers that strictly adhere to existing regulations will benefit from the upcoming regulatory review and may gain market share. 💹Friends who are optimistic about Bitcoin, let us pay attention to the global regulatory developments, industry trends and cryptocurrency news of blockchain! 🚀