#稳定币市场竞争 JPMorgan has moved JPM Coin to Base, and this signal is very clear — traditional finance is truly starting to embrace public blockchains. The stablecoin market is becoming interesting now, not only with veteran players like USDT and USDC, but also with bank-issued permissioned tokens aiming to share the pie.

Here's the key point: JPM Coin is a whitelist-based token primarily used for inter-institutional collateral and margin settlements. What does this mean? On-chain cash tools will become more diverse, and counterparties will have more options. At the same time, EquiLend is investing in Digital Prime, connecting a $40 trillion asset pool to the tokenized market, reflecting the rapid maturity of the RWA (Real-World Asset) track.

For those involved in yield farming, this is a great observation window. The entry of traditional financial institutions often brings new interaction opportunities — airdrops, testnets, ecosystem development. Especially for projects involving financial infrastructure, subsequent ecosystem subsidies are usually generous. The current strategy is to focus on these new deployments; early participation will offer clear interaction advantages. The intensifying competition among stablecoins essentially benefits users, as multi-chain deployments and increased cross-chain liquidity will generate more temporary interaction needs. To seize this wave, the lowest-cost way to participate is to continuously track new project launches.