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JPMorgan remains skeptical about the total supply of stablecoins reaching a trillion dollars.
BlockBeats News, on May 22, according to The Block, JPMorgan analysts said that although the regulatory framework for stablecoins in the United States is gradually advancing, the market’s prediction that the total supply of stablecoins will triple to quadruple from the current level of about $240 billion in the next one to two years, approaching one trillion dollars, is “too optimistic”. Of the two stablecoin bills proposed in the United States – the GENIUS bill in the Senate and the STABLE bill in the House of Representatives – the former is currently receiving more support. JUST EARLIER THIS WEEK, THE SENATE VOTED TO MOVE FORWARD WITH THE GENIUS BILL.