JPMorgan Chase: The total market capitalization of stablecoins is expected to reach approximately $500 billion to $600 billion by 2028.

According to Mars Finance, on December 19th, JPMorgan analysts reiterated their forecast that the total market capitalization of stablecoins will be approximately $500 billion to $600 billion by 2028, rather than reaching the trillion-dollar level. This year, the stablecoin market size has grown by approximately $100 billion, with a total market capitalization exceeding $300 billion. USDT added approximately $48 billion in supply, and USDC added approximately $34 billion, contributing the majority of this growth. The growth of stablecoins remains primarily driven by activity within the crypto ecosystem, with most demand stemming from using stablecoins as collateral for cash or cryptocurrency transactions, including derivatives, DeFi lending, and idle funds held by crypto-native companies such as venture capital funds.