🏦 JPMorgan analysts have expressed skepticism about projections that the #stablecoin market will exceed $1 trillion in size

Despite progress in the US Senate on the GENIUS bill, they believe current expectations of a 3–4x increase in stablecoin supply over the next year or two are overly optimistic.

They point out that the bill's ban on paying interest on stablecoins will likely limit their growth potential.

According to JPMorgan, compliant issuers — such as banks and fintech firms — stand to benefit, while less compliant issuers like Tether (#USDT ) may be forced to make adjustments.