JPMorgan analysts project that stablecoins could drive at least $1.4 trillion in additional demand for U.S. dollars by 2027. The bank highlights that USD-pegged stablecoins currently dominate the market, with over 90% of the market cap, led by Tether's USDT, which holds nearly 60% share. This anticipated growth is attributed to increasing global adoption and regulatory developments, prompting investors to convert local currencies into dollar-backed tokens for transactions and investments.
JPMorgan Forecasts $1.4 Trillion USD Demand Surge from Stablecoins by 2027
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.