
金色财经|Oct 07, 2025 23:15
[JPMorgan: Stablecoin Adoption Expected to Boost Dollar Demand]
According to a report by Jinse Finance, JPMorgan stated that the global adoption of stablecoins could drive trillions of dollars into the U.S. dollar over the coming years, even though there is significant divergence in market estimates regarding the potential demand for these digital assets. 'Rather than accelerating de-dollarization, the adoption of stablecoins is more likely to strengthen the dollar's position in the global financial system,' JPMorgan team members Kunj Padh, Meera Chandan, and Octavia Popescu noted in a report released on Tuesday.
There is considerable variation in estimates of the ultimate size of the stablecoin market among bank strategists, including within JPMorgan itself. The emerging markets equity strategy team predicts that this market could eventually expand to around $2 trillion. Meanwhile, the bank's U.S. rates strategists are more cautious, estimating a size of approximately $500 billion. Based on the higher end of this range, JPMorgan's foreign exchange strategists project that by 2027, an additional $1.4 trillion in dollar demand could support the growth of the stablecoin market. While this figure is substantial, it remains far below the $8.6 trillion average daily trading volume of dollar currency pairs recently reported by the Bank for International Settlements.
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