Stablecoin Market Projected to Reach $500-600 Billion by 2028

According to BlockBeats, analysts at JPMorgan have reiterated their forecast that the total market capitalization of stablecoins is expected to reach between $500 billion and $600 billion by 2028, rather than hitting the trillion-dollar mark. This year, the stablecoin market has grown by approximately $100 billion, surpassing a total market value of $300 billion. USDT has increased its supply by about $48 billion, while USDC has added approximately $34 billion, contributing significantly to the overall growth. The expansion of stablecoins continues to be driven primarily by activities within the crypto ecosystem source: https://www.binance.com/en/square/post/33904574574018?utm_source=BinanceNewsRSS