Odaily Planet Daily News: JPMorgan has released a research report predicting that the global stablecoin market size will grow to $500 billion by 2028, far lower than some institutions' forecasts of $1 trillion to $2 trillion. The bank noted that currently, 88% of stablecoin demand comes from cryptocurrency native activities (such as trading, DeFi collateral), with only 6% used for payment scenarios. The report shows that stablecoins are unlikely to replace bank deposits or money market funds on a large scale, primarily due to a lack of yield and friction in fiat-crypto conversions. Analysts refuted the notion of comparing stablecoins to China's digital yuan or mobile payments, emphasizing the fundamental differences in their centralized models. Notably, Standard Chartered Bank predicted in April that if the U.S. (GENIUS Act) is passed, the supply of stablecoins could surge to $2 trillion by 2028. JPMorgan, however, believes stablecoins are more likely to maintain a moderate growth path driven by crypto demand rather than achieve widespread payment applications. (CoinDesk)