Welcome DT News

  • CONTACT
  • ABOUT US
Deythere
  • Home
  • News
    Hashdex Altcoins etfs SEC
    NewsCryptoMarket

    Hashdex Pushes for Altcoin ETFs With SOL, ADA, and XRP Under New SEC Standards

    The race to bring more digital assets into mainstream investing has taken…

    By
    Jonathan Swift
    September 24, 2025
    US Lawmakers Urge SEC to Deliver on Trump’s Crypto 401(k) Retirement Plan
    NewsCryptoMarket
    US Lawmakers Urge SEC to Deliver on Trump’s Crypto 401(k) Retirement Plan
    September 24, 2025
    image 618
    NewsCryptoSponsored Article
    Cardano Price Prediction Signals 300% Rally Potential as BullZilla Dominates the Best Crypto Presales to Buy Now
    September 24, 2025
    image 552
    CryptoMarketNewsSponsored Article
    Riding the Lightning: MoonBull Sparks the Best Upcoming Crypto Rush in Q4 2025 While Mog Coin and Pudgy Penguins Hit Snooze
    September 23, 2025
    Red September Threat Bitcoin, Ethereum, and Dogecoin Near Critical Support Zones
    MarketCryptoNews
    Red September Threat: Bitcoin, Ethereum, and Dogecoin Near Critical Support Zones
    September 23, 2025
  • Cryptocurrency
    Hashdex Altcoins etfs SEC
    Hashdex Pushes for Altcoin ETFs With SOL, ADA, and XRP Under New SEC Standards
    6 Min Read
    US Lawmakers Urge SEC to Deliver on Trump’s Crypto 401(k) Retirement Plan
    US Lawmakers Urge SEC to Deliver on Trump’s Crypto 401(k) Retirement Plan
    7 Min Read
    image 618
    Cardano Price Prediction Signals 300% Rally Potential as BullZilla Dominates the Best Crypto Presales to Buy Now
    6 Min Read
    image 552
    Riding the Lightning: MoonBull Sparks the Best Upcoming Crypto Rush in Q4 2025 While Mog Coin and Pudgy Penguins Hit Snooze
    7 Min Read
    Red September Threat Bitcoin, Ethereum, and Dogecoin Near Critical Support Zones
    Red September Threat: Bitcoin, Ethereum, and Dogecoin Near Critical Support Zones
    8 Min Read
    Trump-Associated World Liberty Financial Plans Debit Card and Retail App Launch
    Trump-Associated World Liberty Financial Plans Debit Card and Retail App Launch
    7 Min Read
    Previous Next
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Reading: JPMorgan Rejects US Treasury’s $2 Trillion Stablecoin Forecast by 2028
Share

[ccpw id=”7831″]

DeythereDeythere
Font ResizerAa
  • Home
  • Crypto
  • Market
  • News
  • Blockchain
  • Contact
Search
  • Home
  • News
  • Cryptocurrency
  • Pages
    • Contact Us
    • Customize Interests
    • My Bookmarks
Have an existing account? Sign In
Follow US
© DT News. All Rights Reserved.
Deythere > News > News > JPMorgan Rejects US Treasury’s $2 Trillion Stablecoin Forecast by 2028
NewsCryptoMarket

JPMorgan Rejects US Treasury’s $2 Trillion Stablecoin Forecast by 2028

JPMorgan Rejects US Treasury’s $2 Trillion Stablecoin Forecast by 2028
Jane Omada Apeh
Last updated: July 24, 2025 10:10 am
By
Jane Omada Apeh
Published July 24, 2025
6 Min Read
Share

JPMorgan has poured cold water on the US Treasury’s prediction that the stablecoin market will reach $2 trillion by 2028. In a July research note, the bank’s strategists said that it was “a bit optimistic” and that fundamental infrastructure gaps and conservative investor attitudes will slow growth.

Contents
  • JPMorgan Cites Infrastructure Gaps
  • Despite Dimon’s Skepticism, JPMorgan is Still Exploring Stablecoin Tech
  • Experts Weigh In
  • Conclusion
    • Summary
  • FAQs
    • What does JPMorgan think about the $2 trillion stablecoin forecast?
    • How big is the stablecoin market now?
    • What is the GENIUS Act?
    • Why is infrastructure so important for stablecoin adoption?
  • Glossary
    • Sources

According to JPMorgan’s revised forecast, stablecoins (led by USDT and USDC) will more likely double or triple in size to $500 or $750 billion over the next 3 years.

JPMorgan Cites Infrastructure Gaps

While political momentum is building around digital assets (especially with the passage of the GENIUS Act which provides a regulatory framework for payment stablecoins) JPMorgan says the infrastructure to support mainstream adoption is still missing.

The report notes that stablecoin usage is heavily concentrated in crypto-native environments. Only 6% of total demand is tied to real world payments, $15 billion, the rest is for trading, DeFi and institutional crypto custody.

Why Does JPMorgan Disagree With Treasury’s $2T Stablecoin Market Forecast?
Why Does JPMorgan Disagree With Treasury’s $2T Stablecoin Market Forecast?

This concentration of usage in JPMorgan’s view is that the stablecoin market is heading towards half a trillion not trillions.

Despite Dimon’s Skepticism, JPMorgan is Still Exploring Stablecoin Tech

Despite Jeremy Dimon’s well known skepticism towards crypto at times, JPMorgan is still involved in stablecoin innovation. During the Q2 earnings call, Dimon said the bank is actively exploring stablecoin tech, specifically through its internally developed pilot “JPMD” a deposit-token system for institutional clients.

JPMorgan is joined by Bank of America, Citigroup and Wells Fargo which means regulators and big financial players are taking digital payment platforms seriously even if mass market adoption is still in its infancy.

Experts Weigh In

On the other side of the argument, US Treasury Secretary Scott Bessent is more optimistic that regulated, US backed stablecoins will reach or exceed $2 trillion by 2028.

Testifying before a Senate panel, Bessent said that legislative support such as the GENIUS Act’s requirement for asset backing with US Treasuries or T-Bills will drive global dollar usage through stablecoins. He said clear regulation and investor confidence building is key to turning stablecoin market forecast into reality.

Ripple’s CEO Brad Garlinghouse also weighed in, saying the stablecoin market could hit $2 trillion soon. On CNBC, he pointed to Ripple’s RLUSD as proof institutional-grade tokens can drive growth.

Standard Chartered agrees with the Treasury’s view and is also projecting a stablecoin market size of $2 trillion by 2028 under favorable conditions.

Why Does JPMorgan Disagree With Treasury’s $2T Stablecoin Market Forecast?
Why Does JPMorgan Disagree With Treasury’s $2T Stablecoin Market Forecast?

Conclusion

Based on the  latest research, while the stablecoin market forecast is up for debate, JPMorgan’s view is notable for being grounded in real usage and infrastructure readiness. Despite the differing forecasts, everyone agrees: real-world adoption of stablecoins is slow, hindered by regulatory uncertainty, payment infrastructure and institutional liquidity managers’ caution.

JPMorgan’s analysts say even with supportive laws, investors and businesses won’t treat stablecoins as cash substitutes for traditional cash given liquidity, yield and operational readiness concerns. Read more about Stablecoins.

For in-depth analysis and the latest trends in the crypto space, our team offers expert content regularly.

Summary

JPMorgan disagrees with the US Treasury’s $2 trillion stablecoin market forecast by 2028, saying infrastructure is not ready and investor adoption is limited. The bank projects $500 billion to $750 billion by then, citing minimal real-world payment use. Treasury Secretary Scott Bessent is optimistic, saying regulated frameworks like the GENIUS Act will drive growth. Ripple agrees with $2 trillion.

FAQs

What does JPMorgan think about the $2 trillion stablecoin forecast?

JPMorgan thinks the $2 trillion stablecoin forecast is too high, citing slow infrastructure development and cautious investor behavior as the main obstacles.

How big is the stablecoin market now?

As of July 2025, the global stablecoin market is around $270 billion with USDT and USDC holding over 60% of the market share.

What is the GENIUS Act?

The GENIUS Act is a US law passed in 2025 to create a regulatory framework for stablecoins. It aims to strengthen the dollar’s position in digital finance.

Why is infrastructure so important for stablecoin adoption?

Robust infrastructure means security, scalability and interoperability of stablecoins – essential for big institutions to adopt.

Glossary

Stablecoin: a type of cryptocurrency that maintains a stable value by being pegged to a reserve asset like the US dollar.

USDT (Tether): largest stablecoin by market cap, pegged to the US dollar.

USDC (Circle): US based stablecoin pegged to the dollar, known for its regulatory transparency.

JPMD: JPMorgan’s experimental deposit token for institutional clients, mimicking some stablecoin features.

Institutional Investor: Banks, hedge funds or pension funds that invest large sums and move the market.

Liquidity: ease at which assets can be converted into cash without affecting the market price.

Sources

Crypto Briefing

The Economic Times

CoinJournal

theglobaltreasurer.com

Crypto2Community

Advertising

For advertising inquiries, please email . [email protected] or Telegram

US Senator Unveils Ambitious Plan to Reshape Crypto Rules

$210M for BTC: Is This the Boldest Corporate Move in Japan’s History?

U.S. Government Backs DOGE? Dogecoin Soars 13% After Surprise Website Launch

IOTA Blockchain Tool to Simplify Music Rights Management for Filmmakers

The Popcat Train Left the Station? MoonBull Whitelist is Your Gateway to 2025’s Next 1000x Crypto Explosion

TAGGED:GENIUS Act Stablecoin BillJPMD StablecoinJPMorganripple stablecoinstablecoin marketStablecoin Market PredictionUSDCUSDT stablecoin

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
ByJane Omada Apeh
Follow:
Omada is an experienced crypto journalist delivering in-depth analysis and insights on the ever-evolving world of cryptocurrency and blockchain. Her expertise spans market trends, regulatory developments, and innovative use cases. She is dedicated to providing accurate and engaging content for crypto enthusiasts and newcomers alike.
Previous Article Brazil Tokenization XRP Ledger Powers $130M Credit Deal as Brazil Embraces Tokenization
Next Article image 594 Ponke Down Big, Cat in a Dog’s World Losing Steam, While MoonBull’s Whitelist Launch Sets It Apart as the Best New Upcoming Crypto
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Subscribe to our newslettern

Get Newest Articles Instantly!

Popular News
crypto 2024
Crypto Derivatives Market Heats Up as Innovative Products Emerge
crypto approval
Blockchain Revolutionizes Energy Markets with Decentralized Trading Platforms
crypto news
Cutting-Edge Mining Technologies Drive Efficiency in Cryptocurrency Production
crypto 2024 1200x720
Decentralized Identity Emerges as a Catalyst for Data Privacy Renaissance
space
Tech Giant Announces Breakthrough in Quantum Computing
worldwide protest
Worldwide Protests Demand Action on Climate Change
global
Global Economic Forecast Reveals Slow Recovery Post-Pandemic
solar power
Revolutionary Solar Power Technology Unveiled

Follow Us on Socials

We use social media to react to breaking news, update supporters and share information

Twitter Youtube Telegram Linkedin
Deythere

DT News influence 20 million users and is the number one business blockchain and crypto news network on the planet.

Subscribe to our newsletter

You can be the first to find out the latest news and tips about trading, markets...

Menu

  • Home
  • News
© DT News. All Rights Reserved.
Banner 1
Banner 2
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

  • English