Bitcoin as collateral? JPMorgan’s move signals a new phase for crypto in TradFi
Key Takeaways
Bitcoin is starting to cross the bridge into TradFi, with JPMorgan eyeing crypto-backed lending that treats BTC as viable collateral—not just a speculative asset.
Stablecoins currently represent over 6% of the $3.9 trillion total crypto market cap. That dominance clearly reinforces their utility beyond just being dry powder for trading majors like Bitcoin [BTC].
But lately, the gap between yield-seeking assets and stable-value tokens seems to be narrowing. Interestingly, at the core of this convergence lies a unifying catalyst.
JPMorgan eyes Bitcoin-collateralized lending
In a fresh sign of this shift, JPMorgan is reportedly considering offering loans backed by clients’ cryptocurrency holdings.
Put simply,…
