Stablecoin Market Could Hit Half a Trillion by 2028, Far Below Bullish Forecasts: JPM

JPMorgan Chase Forecasts Stablecoin Market Will Hit $500 Billion By 2028

Stablecoin Market Could Hit Half a Trillion by 2028, Far Below Bullish Forecasts: JPM

88% of current stablecoin demand comes from crypto-native activity, with payments accounting for only 6%, the report said.

JPMorgan forecasts the stablecoin market will reach $500 billion by 2028

JPMorgan projects that the stablecoin market will only hit $500 billion by 2028, challenging several other trillion-dollar forecasts.  The bank stated there’s very little evidence of widespread adoption of the dollar-linked digital token, deeming the more bullish projections overly ambitious. Nevertheless, the US Senate recently passed the stablecoin bill, the GENIUS Act, in a key 68-30 vote, which could lead to more regulatory clarity and, hope…

J.P.Morgan wary of stablecoin's trillion-dollar growth bets, cuts them by half

J.P.Morgan on Thursday forecast stablecoin growth will only reach $500 billion by 2028, calling trillion-dollar projections "far too optimistic", as there was little evidence of mainstream adoption of the dollar-pegged cryptocurrency token.

Bank of England ‘open minded’ on stablecoins in wholesale markets

A director at the Bank of England has said Britain’s central bank is “open minded” on the use of stablecoins in wholesale markets in a marked softening of its stance in the technology. Speaking at the City Week conference, Sasha Mills, Executive director of Financial Market Infrastructure, said the Bank was “considering” what role stablecoins could play in wholesale markets. “The Bank has always been clear that central bank money should be the p…

Stablecoins supply crossed $250b on investor optimism: Binance report

June saw stablecoins reach record levels, as the U.S. Senate passed a key piece of legislation.