JPMorgan analyst: PayPal stablecoin will benefit Ethereum.

According to a BlockBeats report on August 8th, Morgan Stanley analyst Nikolaos Panigirtzoglou recently stated that the launch of PayPal's stablecoin may promote activity on the Ethereum blockchain and enhance Ethereum's network effects as a stablecoin or DeFi platform. In addition, PayPal's stablecoin will also encourage more companies to choose Ethereum or Ethereum-based Layer 2 networks for their stablecoin or decentralized projects. (The Block)