JPMorgan Chase: Stablecoin Market Expected to Reach $500 Billion by 2028

BlockBeats News, July 3rd, according to Coindesk, JPMorgan (JPM) strategists stated in a research report released on Thursday that the stablecoin market is expected to grow to $500 billion by 2028. Compared to some aggressive predictions (projecting a market cap of $1 trillion to $2 trillion during the same period), this expectation appears to be more conservative.

JPMorgan has put forward a more cautious view of the industry's growth trajectory, noting that the primary driver of current stablecoin usage is still the "crypto-native demand" rather than broader adoption in payment scenarios.