{"id":35022,"date":"2025-07-03T12:01:50","date_gmt":"2025-07-03T12:01:50","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=35022"},"modified":"2025-07-03T12:01:50","modified_gmt":"2025-07-03T12:01:50","slug":"jpmorgan-sees-stablecoin-market-hitting-500b-by-2028-far-below-bullish-forecasts","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=35022","title":{"rendered":"JPMorgan Sees Stablecoin Market Hitting $500B by 2028, Far Below Bullish Forecasts"},"content":{"rendered":"
\n

The stablecoin market is poised to grow to $500 billion by 2028, according to JPMorgan (JPM) strategists, a projection that falls well short of some of the more exuberant forecasts calling for a $1 trillion to $2 trillion market cap within the same timeframe, the Wall Street bank said in a research report on Thursday.<\/p>\n

In the note led by strategist Nikolaos Panigirtzoglou, the bank outlined a more tempered view of the sector’s trajectory, arguing that crypto-native demand, not broader payment adoption, remains the primary driver of stablecoin usage.<\/p>\n

\u201cWe 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.<\/p>\n

Stablecoins are cryptocurrencies<\/a> whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets, providing among other things a payment infrastructure, and are also used to transfer money internationally.<\/p>\n

According to the bank’s analysts, roughly 88% of stablecoin demand today comes from crypto-native activity, including trading, decentralized finance<\/a> (DeFi) collateral, and idle funds held by crypto firms, with payments accounting for just 6%. <\/p>\n

Even under generous assumptions, the growth of stablecoin use in payments would only marginally increase overall market size, the report said.<\/p>\n

JPMorgan also dismissed the likelihood of a large-scale shift from traditional bank deposits or money market funds into stablecoins, citing the lack of yield and added friction in moving between fiat and crypto. <\/p>\n

The firm’s analysts pushed back on comparisons with China\u2019s e-CNY or the rise of Alipay and WeChat Pay, noting that these systems are centralized and not representative of how stablecoins operate.<\/p>\n

Ultimately, the bank sees moderate, crypto-driven growth <\/strong>as the most realistic path for stablecoins, not a mass adoption story.<\/p>\n

Some banks are more bullish than JPMorgan about the outlook for stablecoins.<\/p>\n

The Guiding and Establishing National Innovation for U.S. Stablecoins (Genius) Act is expected to be passed in the U.S. in the coming months, and that could trigger an almost 10-fold jump in stablecoin supply, investment bank Standard Chartered said in a research report in April.<\/p>\n

U.S. legislation “would further legitimize the stablecoin industry,” the bank’s analysts wrote at the time, adding that “we estimate this would cause total stablecoin supply to rise from $230 billion today to $2 trillion by year-end 2028.”<\/p>\n

Read more: Stablecoin Market Could Grow to $2T by End-2028: Standard Chartered<\/span><\/a><\/em><\/strong><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The stablecoin market is poised to grow to $500 billion by 2028, according to JPMorgan (JPM) strategists, a projection that falls well short of some of the more exuberant forecasts calling for a $1 trillion to $2 trillion market cap within the same timeframe, the Wall Street bank said in a research report on Thursday. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-35022","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=35022"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/35022\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=35022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=35022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=35022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}