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Authorities contend that the extensive use of stablecoins may reverse the trend of de-dollarization and, in turn, bolster the US dollar's position in international finance.
JPMorgan projects the present size of the stablecoin market to be $260 billion. They anticipate this figure may hit $2 trillion by 2027. About 99% of all stablecoins are tied to the US dollar at a 1:1 conversion rate.
The analysts state that while it remains uncertain if this positive growth scenario will occur, should it materialize, the inflow of funds into dollar assets associated with stablecoins could be considerable.
source: bloomberg.com
JPMorgan projects the present size of the stablecoin market to be $260 billion. They anticipate this figure may hit $2 trillion by 2027. About 99% of all stablecoins are tied to the US dollar at a 1:1 conversion rate.
The analysts state that while it remains uncertain if this positive growth scenario will occur, should it materialize, the inflow of funds into dollar assets associated with stablecoins could be considerable.
source: bloomberg.com