JPMORGAN SEES STABLECOIN MARKET HITTING $ 500B BY 2028, Far Below Bullish Forecasts

JPMORGAN SEES STABLECOIN MARKET HITTING $ 500B BY 2028, Far Below Bullish Forecasts88% of Current Stablecoin Demand Comes from Crypto-Native Activity, with Payments Accounting for Only 6%, The Report Said.Updated Jul 3, 2025, 11:55 AM PUBLISHED JUL 3, 2025, 11:54 AM

The Stablecoin Market is Poured to Grow to $ 500 Billion by 2028, accounting to JPMorgan (JPM) Strategists, A Project that Falls Well Short of Market Cap with the Same TimeFrame, The Wall Street Bank SAID IN A RECEARCH REPORT on Thursday.

In the Note Led by Strategist Nikolaos Panigirtzglou, The Bank Outlined A More Tempered View of the Sector’s Tradery, Arguing that Crypto-Nationd, Reme. Stablecoin USAGE.

“We Find Forecasts for an exponential expansion of the stablecoin universe rom $ 250 Billion Currently to $ 1 Trillion- $ 2 Trillion Over The Coming Years as Far Too Optimistic,” The TEAM Wrote.

Stablecoins are cryptocurrencies whose valve is tied to anOTHER asset, Such as the US dollar or Gold. They Play A Major Role in Cryptocurrency Markets, Providing Among of Things A Payment Infrastructure, and Are Also Used to Transfer Money International.

Access to the Bank’s Analysts, Roughly 88% of Stablecoin Demand Today Comes From Crypto-Native Activity, Including Trading, Decentralized Finance FIRMS, with Payments Accounting for Just 6%.

Even Under Generos Assumptions, The Growth of Stablecoin Use in Payments Wound Only Marginally Increase Overall Market Size, The Report Said.

JPMORGAN ALSO DISMISISSED THE LIKELIHOOOOOD OF A LARGE-SCALE Shift from Traditional Bank Deposits or Money Market Funds Into Stablecoins, Citing The Lack of Yield and Fri. Crypto.

The Firm’s Analysts Pushed Back On Comparisons with China’s e-Cny of the rise of alipay and wechat Pay, Noting that Test Systems are Centralized and Not RepreSent.

Ultimately, The Bank Sees Moderate, Crypto-Driven Growth As the most Realistic Path for Stablecoins, Not A Mass Adoption Story.

Some Banks Are More Bullish Than Jpmorgan About the Outlook for Stablecoins.

The Guiding and Establishing National Innovation for Us Stablecoins (Genius) Act Is Expert To Be Passed in The Us in The Coming MONTHS Charterred Said in a Research Report in April.

US Legislation “would Further Legitimize the StableCoin Industry,” The Bank’s Analysts Wrote at the Time, Adding that “We Estimate This Wuld 2 Trillion by Year-End 2028. ”

Read More: Stablecoin Market Could Grow to $ 2T by End-2028: Standard Charter

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