[JPMorgan: Stablecoin Market Cap Expected to Reach $500 Billion to $600 Billion by 2028] BlockBeats News, December 19, JPMorgan analysts reiterated their forecast that the total market capitalization of stablecoins is expected to reach approximately $500 billion to $600 billion by 2028, rather than the trillion-dollar level. This year, the stablecoin market has grown by about $100 billion, with a total market cap exceeding $300 billion. Among this, USDT increased its supply by approximately $48 billion, and USDC increased by about $34 billion, contributing to the majority of the growth. The growth of stablecoins remains primarily driven by activities within the crypto ecosystem, with most demand coming from using stablecoins as cash or collateral for cryptocurrency transactions, including derivatives, DeFi lending, and idle funds held by crypto-native companies (such as venture capital funds).