JPMorgan Chase Remains Skeptical of Stablecoin Total Supply Reaching Trillions of Dollars

BlockBeats News, May 22nd. According to The Block, JPMorgan Chase analysts stated that despite the gradual progress of the US stablecoin regulatory framework, the market's expectation of the total supply of stablecoins increasing three to four times from the current level of about $240 billion to close to a trillion dollars within the next one to two years is "overly optimistic."

Among the two stablecoin bills proposed in the US—the Senate's GENIUS Act and the House's STABLE Act—the former currently has more support. Just earlier this week, the Senate voted to advance the GENIUS Act.