Deep潮 TechFlow news, on December 19, according to The Block, JPMorgan analysts reiterated in their latest report that the stablecoin market is not expected to reach a trillion-dollar scale in the coming years, with estimates of $500 to $600 billion by 2028, far below the optimistic forecasts of 2 to 4 trillion dollars from other institutions. Analysts pointed out that although the total market value of stablecoins has increased by about $100 billion to over $300 billion this year, the growth is mainly concentrated in the two major stablecoins, USDT and USDC, and is primarily driven by crypto trading activities. The report emphasizes that as banks launch tokenized deposits (such as JPMorgan's JPM Coin) and central banks develop digital currency projects, these regulated alternatives will pose competitive pressure on stablecoins, particularly in the institutional and cross-border payment sectors, potentially limiting the long-term market share of stablecoins.