JPMorgan Projects Stablecoin Market Cap at $500-600B by 2028 Despite Rising Usage

According to JPMorgan analysts led by managing director Nikolaos Panigirtzoglou, rising stablecoin velocity may limit market capitalization growth even as usage increases significantly. The analysts said stablecoin transaction velocity has increased sharply over the past year, allowing the same amount of stablecoins to handle a much larger number of transactions. "Higher velocity would likely limit the expansion of the stablecoin universe going forward, even if their usage in payments rises exponentially," the analysts said in a report. JPMorgan projects the stablecoin market cap at around $500-600 billion by 2028, with the current total market size exceeding $300 billion when including yield-bearing stablecoins.
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