JPMorgan skeptical of US$2t stablecoin forecast

JPMorgan has cast doubt on forecasts projecting the stablecoin market to grow to US$2 trillion (HK$15.6 trillion) by 2028, calling such estimates “overly optimistic”due to the lack of mature infrastructure and ecosystems to support such expansion.

In a recent report, the bank noted that although interest in stablecoins is rising, they currently account for less than 1 percent of global capital flows, suggesting the digital asset class remains far from disrupting traditional finance.

JPMorgan also believes adoption will likely proceed slower than anticipated, with both retail and institutional investors still reluctant to treat stablecoins as true cash alternatives.

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