JPMorgan Chase's prediction of stablecoin market value increasing to $2 trillion is' somewhat optimistic '

According to Foresight News, as reported by the Economic Times, JPMorgan Chase believes that the prediction that the stablecoin market can grow to $2 trillion, which is often mentioned in the recent push for the first approval of a cryptocurrency market regulation bill in the United States, is "somewhat optimistic". The current market value of all stablecoins is approximately 260 billion US dollars. Morgan Stanley stated, "We find it hard to believe that the market will grow significantly in the coming years because the infrastructure/ecosystem supporting stablecoins is far from developed and will take time to build." Despite the recent increase in market interest in stablecoins, their proportion in global capital flows is still less than 1%, indicating that this digital asset still has a long way to go in disrupting the financial system.