JPMorgan anticipates an increase in the market capitalization of stablecoins to $600 billion., 2026/05/04 19:09:23

Analysts from the prominent American banking conglomerate JPMorgan have stated that by 2028, the market capitalization of stablecoins could reach between $500 billion and $600 billion.

Over the past year, the market capitalization of stablecoins has risen by nearly $100 billion, surpassing $300 billion. Concurrently, the on-chain transaction volume has significantly increased, with JPMorgan estimating it has reached $17.2 trillion annually.

A key factor driving these changes, according to banking experts, is the rise in the velocity of asset circulation. This metric indicates how frequently the same stablecoin is utilized for transactions within a specific timeframe. Analysts have noted that over the last year, the velocity of tokens pegged to national currencies has markedly increased. This suggests that the current supply of stablecoins can support a greater number of transactions without necessitating a proportional increase in supply, as per the bank’s representatives.

“The broader the adoption of payment systems based on stablecoins, the greater their efficiency and transaction velocity,” JPMorgan analysts assert.

However, this effect may also limit the growth rate of the market. The bank’s analysts believe that even with exponential growth in the use of stablecoins for payments, the capitalization of such assets will increase at a relatively moderate pace, as the rise in transaction velocity reduces the need for additional coin issuance.

Previously, experts from Chainalysis indicated that by 2035, the transaction volume in stablecoins could exceed $719 trillion.