[JPMorgan: Stablecoin Market Size May Reach $500-600 Billion by 2028, Falling Short of the Trillion-Dollar Level] Odaily Planet Daily News - JPMorgan analysts reiterated that the stablecoin market size is unlikely to reach the trillion-dollar level in the coming years. Its growth is expected to align with the broader cryptocurrency market rather than significantly outpace it. The report noted that the stablecoin market size has expanded by approximately $100 billion this year, surpassing the $300 billion mark, with growth primarily concentrated in two major mainstream stablecoins. This supports their long-held view that the growth of stablecoins remains largely driven by activities within the crypto ecosystem. Just this year alone, driven by the surge in perpetual futures trading, stablecoin holdings on derivatives exchanges have increased by about $20 billion, making this activity a primary driver of stablecoin supply growth. Therefore, in the coming years, the stablecoin market size is likely to continue growing in tandem with the overall cryptocurrency market capitalization, potentially reaching $500 billion to $600 billion by 2028, far below the most optimistic projections of $2 trillion to $4 trillion. (TheBlock)