JP Morgan remains skeptical that the total stablecoin supply could reach a trillion dollars

Analysts at JPMorgan said that while the regulatory framework for stablecoins in the United States is gradually advancing, market forecasts that the total supply of stablecoins will triple or quadruple from about $240 billion today to nearly $1 trillion in the next one to two years are "overly optimistic".
Of the two stablecoin bills proposed in the US, the Senate's GENIUS bill and the House's STABLE bill, the former currently has more support. Just earlier this week, the Senate voted to advance the GENIUS bill.