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Stablecoin market to reach $500 billion
JPMorgan (NYSE:JPM) Chase & Co. expects stablecoins to reach $500 billion by 2028, down from trillion-dollar forecasts.
JPMorgan Chase & Co. expects the stablecoin market to grow to only $500 billion by 2028, sharply down from more optimistic forecasts that see it reaching trillions of dollars. In a memo published on Thursday, the bank described these high expectations as "very optimistic," citing limited evidence of mainstream payment adoption.
JPMorgan Chase & Co. expects the stablecoin market to grow to only $500 billion by 2028, sharply down from more optimistic forecasts that see it reaching trillions of dollars. In a memo published on Thursday, the bank described these high expectations as "very optimistic," citing limited evidence of mainstream payment adoption.
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