Wall Street embeds crypto into mainstream finance as JPM Coin, BlackRock’s $2.4 billion BUIDL and card-network stablecoin settlement scale
The article highlights accelerating institutional adoption of tokenized cash and Treasuries: JPMorgan's JPM Coin settling billions daily, BlackRock's $2.4B BUIDL fund integrating with DeFi, and Visa/Mastercard expanding stablecoin settlement across multiple chains. The GENIUS Act framework and approval of compliant stablecoins (e.g., USDC, PYUSD) signal regulatory clarity, strengthening crypto's role as payments/settlement infrastructure while increasing reliance on regulated intermediaries.
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Wall Street firms are integrating crypto rails into regulated finance, led by JPMorgan’s JPM Coin processing billions of dollars in daily settlements and BlackRock’s $2.4 billion tokenized Treasury fund, BUIDL, now connected to DeFi lending and Uniswap RFQ. Visa and Mastercard are expanding stablecoin settlement to nine blockchains in 2026, reaching a $7 billion annualized run rate. The article cites the GENIUS Act as a stablecoin regulatory framework and names USDC and PYUSD among compliant stablecoins approved for settlement. The shift positions stablecoins as a key settlement layer for traditional finance, while leaving their peg and redemption mechanics unchanged.