JPMorgan is questioning some of the more optimistic projections around stablecoins.
In a recent report, the bank suggested that total stablecoin supply may not reach the levels many expect, largely because demand is still driven by trading activity rather than real-world payments.
As usage becomes more efficient, the same supply can support more transactions without growing the overall market size.
It’s a more conservative view, but one that focuses on how stablecoins are actually used today.
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