X @The Block

RT Wu Blockchain (@WuBlockchain)JPMorgan reiterated in its latest report that it does not expect the stablecoin market to reach a trillion-dollar scale by 2028, projecting a total market capitalization of around $500 billion to $600 billion. The bank said stablecoin growth continues to be driven primarily by crypto trading activity, while the expansion of payment use cases does not necessarily translate into a significant increase in outstanding supply, as higher velocity reduces the amount of stablecoins r ...