Key notes
- Arthur Hayes claims that new public companies of stalcointes will imitate the circle but will lack sustainability.
- JPMorgan Chase files for the “JPMD” brand, signaling Stablecoin ambitions.
- American legislators advance the law on engineering, potentially reshaping the Stablescoin market of $ 250 billion. .
The co-founder of Bitmex, Arthur Hayes, warned that several over-type stablecoin companies would follow the recent public list of Circle (CRCL). On June 16, Hayes said that the IPO of Circle marked the start of a cycle of “Mania de Stablecoin”, which will finally see most of the new entrants failed.
The expert predicted that a bubble will form and break out once a high -level transmitter has used “financial engineering, leverage and incredible staging” to attract billions of investments. He described these emerging companies as a “circle of copies” and warned investors to exchange them as a “hot potato”.
Hayes’ statements are involved while the US Senate is preparing to vote today on the new stable legislation, a decision that could further catalyze media threshing.
Why Hayes believes that newcomers will fail
According to the co-founder of Bitmex, the basic challenge for any new Stablecoin company is distribution. It identifies three effective channels: centralized cryptography exchanges, the main web2 platforms such as social media giants and traditional banking institutions. Without access to these, he thinks that new issuers are unlikely.
Hayes explained that established players already control these pipelines, forcing newcomers to pay high exchange fees or to offer high yields to depositors. He added that social media companies and banks are likely to develop their own stablecoins, further removing competition.
While Hayes thinks that Circle is currently “incredibly overvalued” and gives 50% of its interest in Coinbase, he predicts that his stock will probably remain high. The CRCL shares, which were launched publicly on June 5, have already increased by more than 80%.
Meanwhile, JPMorgan Chase recently made a brand request for “JPMD”, suggesting plans to extend its blockchain offers, potentially including new Stablecoin initiatives.
JPMorgan already operates JPM Coin, a Dollar Pie token used for real -time institutional payments. The reports also indicate that large American banks explore a joint company in Stablecoin via early alert services and the compensation house.
The Stablescoin market extends in the middle of regulatory growth
This renewed institutional interest coincides with increasing regulatory clarity in the United States. Last week, the Senate adopted the law on engineering (guiding and establishing national innovation for American stables) with strong bipartisan support.
If it is adopted by the two chambers of the congress, the bill would move to President Donald Trump for final approval.
The Stablescoin market currently has a capitalization of more than $ 250 billion, led by the USDT of Tether at $ 156.3 billion and Circle USDC at $ 61.3 billion. Standard chartered analysts provide that, with appropriate regulations, the stable sector could reach 2 dollars by 2028—A growth that could also take charge of the adjacent cryptographic sectors like No Kyc Casinos, which prioritizes user confidentiality and decentralized access.
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Cryptographic journalist with more than 5 years of experience in the industry, Parth has worked with the main media in the world of crypto and finance, the collection of experience and expertise in space after having survived bear markets and bulls over the years. STHTH is also an author of 4 self-published books.
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