January 3rd, JPMorgan stated in its "2026 Outlook" that the competition from the US dollar to digital assets is rapidly rising. The cryptocurrency market cap has now surpassed $4 trillion, up from just $2 trillion at the beginning of 2024. Investors are seeking a more crypto-friendly regulatory environment, especially in the US.Stablecoins are also gaining increasing traction in the financial services industry. Despite their rapidly growing transaction volume, only about $700 billion in payments appear to be truly conducted through stablecoin systems. "Overall, we see digital assets gaining favor, in part driven by the marginal demand exploration for a USD alternative solution."