#稳定币市场 JPMorgan Chase freezing stablecoin startup accounts is worth paying attention to. The bank's risk control logic is very clear—fund flows in high-risk markets like Venezuela inherently carry compliance risks. Rapidly expanding stablecoin projects like Blindpay, once involved in these regions, will inevitably have their connections cut off to avoid regulatory risks.

From an on-chain perspective, this reflects a deeper issue: the actual liquidity and risk-bearing capacity of stablecoins are being reevaluated by traditional financial institutions. When banks freeze accounts, the fiat on/off ramps for stablecoin projects are cut off, causing a substantial impact on their ecosystems.

The key is to follow the subsequent developments—see which stablecoin projects will adjust their strategies, and which will seek alternative banking channels or payment routes. Such events often trigger reallocation of funds, so it’s worth observing changes in related transfers and redemption data on-chain. Under regulatory pressure, the landscape of the stablecoin market may face reshuffling.