JPmorgan predict only 500 billion USD

A current report by JPMorgan has made a cautious forecast for the StableCoin market and predicts that its market size will only reach USD 500 billion by 2028.

This new forecast is significantly lower than the optimistic forecasts of some institutions, a market capitalization of up to 2.5 organic. USD expected.

Growth of the StableCoin market less than expected?

According to the forecast From JPmorgan becomes The growth of the stable coins restricted by limited acceptance outside of crypto transactions.

The report shows that 88 percent of the current demand for stable coins come from activities within the crypto ecosystem, such as trade, DeFi and reserves of crypto companies. Only 6 percent are used for payments, which corresponds to about $ 15 billion.

These numbers indicate that stable coins are not yet used as a widespread means of payment in the real economy.

JPmorgan also excludes the possibility that stable coins will replace traditional money in the near future. The reasons for this include missing attractive returns and hurdles when exchange between Fiat currency and Cryptocurrencies. However, a survey showed that 49 percent of the 259 global institutions surveyed are currently using stable coins for paymentswhile another 41 percent are in the test or planning phase.

In addition, the bank argues that models such as the expansion of digital Chinese Yuan (e-Cny) or the success of Alipay and Wechat Pay are not templates for the future development of stable coins.

Nevertheless, some forecasts were more optimistic about the future of the StableCoin market. US Finance Minister Scott Bessent predicted that the USD-based stablecoin market by 2028 bio. USD could exceed, thanks to clear regulations such as the Genius Act, which was passed by the US Senate in June 2025.

Another report by BeinCrypto also predicts that the market size of the stable coins 2.5 organic. USD could reach, driven by the increasing interest of financial institutions and the integration of stable coins into commercial transactions.

Different perspectives on stable coins

This divergence reflects different perspectives on the potential of stable coins and raises questions about the ability of this digital investment class to integrate into the traditional financial system. Nevertheless, the StableCoin market continues to experience unprecedented growth, with a market capitalization of over 264 billion USD.

The dominance of stable coins in OC-Krypt-Handel is also a positive sign. According to Finery Markets, stable coins now make up 74.6 percent of the total OTC trading volume of institutions in the first half of 2025, a significant increase of 46 percent in the previous year to only 23 percent in 2023.

“The true potential of stablecoins is released by seamlessly connected to active, deep secondary sleeves. In order for stable coins to achieve widespread usefulness and trust, they must be highly liquidable and legally correct via various liquidity pools and various secondary markets.” the report from Finery Markets added in addition.

This shows that stable coins are increasingly becoming important tools in financial transactions, especially in cross -border transactions and fast payments.