JPMorgan Predicts Stablecoin Market to Reach $600 Billion by 2028, Led by Crypto Ecosystem Growth

Saturday, Dec 20, 2025 4:38 pm ET1min read

JPMorgan predicts the stablecoin market will reach $600 billion by 2028, driven by crypto ecosystem activity, with USD-denominated stablecoins dominating the market and boosting crypto trading liquidity. Analyst Teresa Ho notes that stablecoin growth is linked to the crypto market's expansion and primarily driven by Tether and Circle, which cover 90% of the market share.

JPMorgan Predicts Stablecoin Market to Reach $600 Billion by 2028, Led by Crypto Ecosystem Growth

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