JPMorgan expects the stablecoin market capitalization to reach 50 to 60 billions USD by 2028.

According to analysis by JPMorgan, although stablecoin trading volume is increasing, the market size may not expand accordingly due to the higher "velocity of circulation." The report estimates that by 2028, the total market value of stablecoins will be around $500 billion to $600 billion, and believes that market expectations for a "trillion-dollar scale" are overly optimistic.