TechFlow, July 24 — According to a Bloomberg report, JPMorgan has questioned the prediction of a $2 trillion stablecoin market, calling the figure "overly optimistic." Analysts suggest that the current market size of $260 billion may only grow two to three times over the next few years, far below the U.S. Treasury Secretary's earlier expectation of surpassing $2 trillion by 2028. The report notes that while the GENIUS Act has established a regulatory framework for stablecoins, it will still take time to improve payment infrastructure and ecosystems. Currently, USDT and USDC account for over 60% of the market share, yet stablecoins represent only 1% of global fund flows. Analysts believe that due to investors' conservative approach to cash management, stablecoins are unlikely to become a mainstream liquidity alternative in the short term. JPMorgan emphasizes that although stablecoins offer advantages in instant settlement for cross-border payments, merchant adoption remains higher than that among general consumers.
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