Express
JPMorgan Predicts Stablecoin Market Size to Reach $500 Billion by 2028, Lower Than Optimistic Forecasts
Summary: According to reports, JPMorgan has released a research report predicting that the global stablecoin market will grow to $500 billion by 2028, significantly lower than some institutions' forecasts of $1-2 trillion. The bank pointed out that currently, 88% of stablecoin demand comes from crypto-native activities such as trading and DeFi collateral, with only 6% used ...
According to reports, JPMorgan has released a research report predicting that the global stablecoin market will grow to $500 billion by 2028, significantly lower than some institutions' forecasts of $1-2 trillion. The bank pointed out that currently, 88% of stablecoin demand comes from crypto-native activities such as trading and DeFi collateral, with only 6% used for payment scenarios. The report indicates that stablecoins are unlikely to significantly replace bank deposits or money market funds due to lack of yield and friction in fiat-to-crypto conversions. Analysts refute the comparison of stablecoins to China's digital yuan or mobile payments, emphasizing the fundamental differences in their centralized models. It is worth noting that Standard Chartered Bank predicted in April that if the US 'GENIUS Act' is passed, the supply of stablecoins by 2028 could surge to $2 trillion. JPMorgan, however, believes that stablecoins are more likely to follow a moderate growth path driven by crypto demand, rather than achieving widespread payment applications. (CoinDesk)
Tags:
Link: JPMorgan Predicts Stablecoin Market Size to Reach $500 Billion by 2028, Lower Than Optimistic Forecasts [Copy]
