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JPMorgan Questions $2 Trillion Forecast for Stablecoin Market, Deems it Overly Optimistic
Summary: According to Bloomberg, JPMorgan has released a report questioning the $2 trillion forecast for the stablecoin market, deeming the figure 'overly optimistic'. Analysts suggest that the current market size of $260 billion may only see 2-3 times growth in the next few years, far below the expected $2 trillion by 2028 as proposed by the ...
According to Bloomberg, JPMorgan has released a report questioning the $2 trillion forecast for the stablecoin market, deeming the figure 'overly optimistic'. Analysts suggest that the current market size of $260 billion may only see 2-3 times growth in the next few years, far below the expected $2 trillion by 2028 as proposed by the US Treasury Secretary. The report notes that despite the regulatory framework established by the 'GENIUS Act' for stablecoins, time is still needed for the improvement of payment infrastructure and ecosystems. Currently, USDT and USDC hold over 60% market share, but stablecoins only represent 1% of global fund flows. Stablecoin analysts believe that due to investors' conservative approach to cash management, it may be difficult for stablecoins to become a mainstream liquidity alternative in the short term. JPMorgan emphasizes that while stablecoins have instant settlement advantages in cross-border payments, merchant acceptance is still higher than that of regular consumers.
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Link: JPMorgan Questions $2 Trillion Forecast for Stablecoin Market, Deems it Overly Optimistic [Copy]
