JPMorgan: Stablecoin Market Cap Expected to Reach $500 Billion to $750 Billion in the Next Few Years

BlockBeats News, April 28th, JPMorgan Chase (JPM) stated that the best estimate is that the market size of stablecoins is expected to grow to between $500 billion and $750 billion in the coming years. Assuming that 70% of this is allocated to U.S. Treasury securities and 30% is allocated to Treasury repurchase agreements, stablecoin issuers would become the third largest buyer of U.S. Treasury securities.