BlockBeats news, on July 3rd, according to Coindesk, JPMorgan Chase (JPM) strategist stated in a research report released on Thursday that the stablecoin market is expected to grow to $500 billion by 2028. Compared to some aggressive predictions (expecting a market value of $1 trillion to $2 trillion during the same period), this expectation appears more conservative. JPMorgan Chase has put forward a more cautious view on the growth path of the industry, pointing out that the main driving force behind the current use of stablecoins is still the "native demand for cryptocurrency" rather than the wider adoption of payment scenarios.