A recent analysis by JPMorgan revealed various forecasts for the stablecoin market, which may reach $500 billion by 2028. This contrasts with predictions from others that suggest a rise to $2 trillion.
JPMorgan's Stablecoin Projections
JPMorgan's report anticipates a stablecoin market value of $500 billion by 2028. This forecast is based on a current supply level of around $250 billion.
Factors Hindering Growth
JPMorgan identifies several factors that hinder rapid growth in stablecoin usage, including the high cost of converting between fiat and crypto and the lack of interest on stablecoins, which impede a shift toward mass payment systems. Additionally, a lack of clear regulatory guidance complicates the use of stablecoins in everyday transactions.
Optimistic View from Standard Chartered
In contrast to JPMorgan's cautious prediction, Standard Chartered suggests that the stablecoin market could grow to $2 trillion upon the passage of the Genius Law in the U.S. This legislation may attract institutional investments and provide the necessary legitimacy for rapid growth.
The contrasting forecasts from JPMorgan and Standard Chartered highlight the importance of regulation in the future of stablecoins. Regulatory changes in the U.S. could significantly alter the trajectory of this sector.
