JPMorgan Chase doubts prediction of stablecoin market size exceeding $1 trillion

PANews reported on May 22 that according to The Block, JPMorgan analysts are skeptical about the prediction that the stablecoin market size will exceed $1 trillion. Despite the progress of the GENIUS Act in the Senate, analysts believe that the expectation of stablecoin supply growing three to four times in the next one to two years is "overly optimistic". The report points out that the bill's provision prohibiting interest payments on stablecoins will limit their growth potential. In contrast, money market funds have seen $900 billion in capital inflows in the United States over the past year. Analysts expect that compliant stablecoin issuers such as banks and fintech companies will benefit, while non-fully compliant issuers like Tether may face adjustment pressures.