JPMorgan Chase: The stablecoin market is expected to grow to $500 billion to $750 billion in the next few years

According to BlockBeats, on April 28th, JPMorgan Chase (JPM) stated that its best estimate is that the stablecoin market is expected to grow to $500 billion to $750 billion in the coming years. Assuming that 70% of them are allocated to US treasury bond and 30% to treasury bond repurchase agreements, the issuer of stable currency will become the third largest buyer of US treasury bond.