JPMorgan Chase fiercely outshines its competitors, Arthur Hayes is optimistic about the stablecoin effect advocating for JPM.

JPMorgan ( has a market capitalization of $794.3 billion, surpassing the total of its three major competitors, ranking 12th among publicly listed companies worldwide. Even BitMEX founder Arthur Hayes has urged everyone to forget about CRC, specifically mentioning JPMorgan, estimating that stablecoins could boost the stock prices of banks that are too big to fail by an average of 184%.

)Arthur Hayes: Forget CRCL, buy JPMorgan! Stablecoins will drive bank stocks to soar by 184%(

JPMorgan Chase has fiercely outpaced its rivals, with assets totaling one trillion dollars.

According to Bloomberg's report, JPMorgan ) continues to widen its gap with competitors. In the first half of this year, JPMorgan's market capitalization has surpassed the total of its three major competitors—Bank of America, Citigroup, and Wells Fargo. During the same period, the bank's profit reached $30 billion, more than twice that of its largest competitor, and further leads in investment banking revenue compared to Goldman Sachs and Morgan Stanley.

In recent years, Wells Fargo (Wells Fargo & Co.) has been constrained by asset caps, Citigroup Inc. (Citigroup Inc.) is undergoing a painful restructuring, and Bank of America Corp. (Bank of America Corp.) is struggling due to having purchased a large amount of low-yield bonds before interest rate hikes. After the 2023 Silicon Valley Bank crisis, JPMorgan acquired First Republic Bank (First Republic Bank) at a low price, and has now become the largest bank in the United States, ranking first with an asset size of one trillion dollars. The once fiercely competitive top banks now have only one dominating company left.

CEO Jamie Dimon has always been conservative and cautious.

JPMorgan CEO Jamie Dimon ( stated during the company's earnings call on Tuesday:

"All of our major banking competitors are regaining growth and expansion, and those capable and intelligent fintech individuals are also eager to carve out a piece of your business. We cautiously declare victory."

Dimon often reminds everyone not to be overly optimistic about the U.S. economy and has repeatedly warned that the U.S. should face the fiscal crisis and resolve the issue of U.S. debt.

Stablecoin as a driving force, Arthur Hayes also calls out JPM

The Trump administration's support for the cryptocurrency industry has injected new vitality into some emerging enterprises. Dimon is also wary of this, believing that many clever competitors are finding ways to create bank accounts through financial technology, and entering payment systems and reward programs.

JPMorgan Chase recently announced the launch of a deposit token program called JPMD, which is seen as a foray into the stablecoin market.

Recently, the stablecoin issuer Circle's IPO surged, becoming a regret for many who missed out. However, BitMEX founder Arthur Hayes urged everyone to forget about CRCL and instead buy the too big to fail bank )TBTF(. He specifically mentioned JPMorgan, estimating that stablecoins could average a 184% increase in the stock prices of TBTF banks.

JPMorgan Chase ) stock code JPM( reached a historical high of 296 USD at the beginning of the month, with a current market capitalization of 794.3 billion USD, ranking 12th among publicly listed companies worldwide.

This article discusses how JPMorgan Chase fiercely outperforms its competitors, with Arthur Hayes optimistic about the stablecoin effect, calling out JPM. It first appeared in Chain News ABMedia.