JPMorgan predicts the global stablecoin market will grow from $166 billion to $600 billion by 2028, driven mainly by rising payment demand and clearer regulations. Stablecoins like USDC and USDT have become central to cross-border payments, P2P transfers, and DeFi, with Solana emerging as a key settlement network due to massive USDC transaction volumes.
Regulatory progress, especially the upcoming US Clarity Act, is expected to boost compliant issuers such as Circle and Paxos, accelerating institutional adoption. Major players like Visa and PayPal are already settling large volumes of stablecoin transactions on public blockchains. Competition among ecosystems is intensifying, as seen with the rapid growth of USD-based stablecoins on BSC.
From an investment perspective, opportunities lie in stablecoin issuers, yield-generating protocols, and payment infrastructure chains that capture transaction fees. As the stablecoin market expands, fee income from transactions is expected to become a key driver of valuations.
