JPMorgan Talk Say Stablecoin Growth Go Slow Pass $2T Plan
JPMorgan strategists don challenge di forecasts wey talk say stablecoin market go reach $2 trillion by 2028. Dem talk say di sector now dey worth about $270 billion, with USDT and USDC get over 60% of market share. Analysts talk say payment infrastructure still dey immature and say di conservative cash management wey both retail and institutional investors get fit limit demand, show say market fit only double or triple for di next three years. Dis view no agree with di bullish forecast wey Standard Chartered and US Treasury give, wey mention support measures like di GENIUS Act. Even though CEO Jamie Dimon dey cautious, JPMorgan dey explore stablecoin technology through one consortium with Bank of America, Citigroup and Wells Fargo, and don launch pilot deposit token, JPMD, for institutional clients. Traders suppose dey watch regulatory developments, infrastructure upgrades and adoption trends as key things wey go shape stablecoin market growth and trading volume.
Bearish
JPMorgan caution revision for di stablecoin market outlook show say adoption and infrastructure development fit get wahala. For short term, reduced growth expectation fit reduce trading volume and investor enthusiasm. For long term, slow issuance and conservative cash management fit limit stablecoin circulation despite regulatory support, keep market environment muted.