JP Morgan: Stablecoin market size expected to grow to $500 billion to $750 billion in next few years

According to JPMorgan, the best estimate is that the stablecoin market is expected to grow to $500 billion to $750 billion in the next few years. Assuming that 70% of this is allocated to US Treasuries and 30% is allocated to Treasury repurchase agreements, then stablecoin issuers will become the third largest buyers of US Treasuries.