According to Bloomberg, JPMorgan stated that the market's prediction that the total market capitalization of stablecoins will reach $2 trillion by 2028 is "slightly optimistic." Although Treasury Secretary Scott Bessent recently proposed this goal at a hearing, claiming it could be achieved with legislative support, JPMorgan believes that the stablecoin infrastructure is not yet sufficient, making it difficult to support such large-scale rise in the short term. JPMorgan expects the market to more likely double or triple in the coming years, rather than reaching several times the current market capitalization of $260 billion.

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