JPMorgan Chase: Stablecoins Growth May Drive Ethereum Price Up According to a report by JPMorgan, the increase in stablecoins issued by Wall Street within the Ethereum ecosystem may drive the price of ETH to continue rising. Analysts point out that after the GENIUS Act provides a regulatory framework for stablecoins, the growth of dollar linked tokens is expected to affect Ethereum prices, even though these tokens are mainly issued on the second layer network. Ethereum is becoming an important platform for capturing the growth opportunities of stablecoins due to its hosting of a large number of stablecoin assets.