[JPMorgan: Growth in Stablecoin Usage May Not Lead to Market Cap Expansion] Odaily Planet Daily reports that JPMorgan's analysis indicates that although stablecoin transaction volumes are growing rapidly, their total market size may not expand in tandem. The key reason lies in the increase in 'velocity.' The report states that as stablecoins are increasingly used in payment scenarios, the same unit of funds is utilized at a higher frequency, thereby improving overall efficiency while limiting the demand for additional stablecoin supply. The bank maintains a relatively cautious outlook, projecting that the total market cap of stablecoins will reach approximately $500 billion to $600 billion by 2028, and considers market expectations for a 'trillion-dollar scale' to be overly optimistic.