JPMorgan Chase: Tokenized money market funds are unlikely to exceed 15% of the stablecoin market size.

CoinFeed reported on May 22nd, citing The Block, that JPMorgan analysts stated that tokenized money market funds are expected to continue growing, but unless regulatory rules change, their size is unlikely to exceed 10% to 15% of the stablecoin market. Currently, tokenized money market funds only account for about 5% of the stablecoin market. Analysts point out that stablecoins have become the preferred cash tool in the crypto ecosystem, widely used for collateral management, trading, settlement, cross-border payments, and daily liquidity management. In contrast, tokenized money market funds face structural regulatory disadvantages: they are typically classified as securities, subject to registration, disclosure, reporting obligations, and transfer restrictions, making it difficult for them to circulate freely within the crypto ecosystem.