'$1 Trillion Forecast Was Too Optimistic,' JPMorgan Downgrades 2028 Stablecoin Market Cap Prediction—Reports

On the 3rd, JPMorgan revised its 2028 forecast for the stablecoin market to $500 billion, describing the $1 trillion scale forecast as 'far too optimistic.' The bank contested the bullish predictions of other firms, citing a lack of evidence for mainstream adoption, as reported by Reuters on the same day. This forecast starkly contrasts with other financial institutions' outlooks. Standard Chartered Bank projected $2 trillion by 2028, while Bernstein anticipated growth up to about $4 trillion over the next decade. Related: JPMorgan files for 'JPMD' trademark, new stablecoin in development? Related: Arthur Hayes discusses the collapse of the stablecoin speculation bubble...