> Institutional assets on chain create demand for stablecoins. > Stablecoins provide the liquidity for settlement, redemptions, and cash management. >That liquidity makes it easier to bring more assets on-chain. >>Repeat. On Ethereum.

Ethereum
@ethereum
12-16
Today @jpmorgan, the world's largest bank by market cap per @WSJ, announced they're launching their first ever tokenized money market fund—MONY—on Ethereum.
The firm is seeding the fund with $100M of its own capital before opening to outside investors on Tuesday. x.com/davwals/status…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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