JPMorgan Chase: Market expectations of stablecoins breaking the trillion dollar mark are too optimistic

Odaily News Despite the momentum behind stablecoin legislation in the United States (such as the GENIUS Act), JPMorgan analysts are still pushing back on their trillion-dollar stablecoin predictions, saying that while the U.S. regulatory framework is strengthening, it is "overly optimistic" to predict that the total supply of stablecoins could double or quadruple from the current roughly $240 billion (close to the trillion-dollar mark) in the next year or two. (The Block)