JPMorgan Chase: Stablecoin Total Market Value Expected to Reach Around $500 Billion to $600 Billion by 2028

BlockBeats News, December 19th, JPMorgan Chase analysts reiterated their forecast that the total market capitalization of stablecoins by 2028 is expected to be around 500 billion to 600 billion U.S. dollars, rather than reaching the trillion-dollar level. This year, the stablecoin market size has grown by approximately 100 billion U.S. dollars, with a total market cap exceeding 300 billion U.S. dollars. USDT increased its supply by around 48 billion U.S. dollars, and USDC increased by about 34 billion U.S. dollars, with both contributing to the majority of the growth. The growth of stablecoins continues to be primarily driven by activity within the crypto ecosystem, with most demand coming from using stablecoins as cash or collateral for cryptocurrency transactions, including derivatives, DeFi lending, and crypto-native companies (such as venture capital funds) holding idle funds.