Nellius Irene

Author
Nellius Irene

Nellius Irene

Author

Nellius is a Business Management and IT graduate with five years of experience in the cryptocurrency industry. She is also a graduate of Bitcoin Dada. Nellius has contributed to leading media publications, including BanklessTimes, Cryptobasic, and Riseup Media.

Author’s Articles

  • JPMorgan analysts pushed back again on trillion-dollar projections for stablecoins, arguing that the market’s growth will remain in line with the broader crypto space. The bank argued that the stablecoin market cannot be viewed independently, as its growth is closely intertwined with the overall performance of the crypto sector, warning that expectations of a $1 trillion market by 2028 are too optimistic. In its Wednesday report, it revealed that the stablecoin market has swelled by roughly $100 billion this year to over $300 billion, with most of the increase coming from the two largest coins, Tether’s USDT and Circle’s USDC. USDT increased by roughly $48 billion in supply, and USDC by about $34 billion. JPMorgan said stablecoin demand hinges on trading needs JPMorgan maintains that the growth of stablecoins is closely tied to broader cryptocurrency activity. It explained that in the past, the market growth surged during BTC and ETH rallies and eased when digital assets slowed. Earlier in the bank’s July report, it had indicated that stablecoin demand is largely driven by trading needs — tokens that are used as cash or collateral in derivatives and DeFi markets, as well as for crypto-native companies to hold unused capital. By then, derivatives exchanges had contributed approximately $20 billion in stablecoins, placing them as the principal contributor to supply growth. In their then report, it added, “The stablecoin universe is likely to continue to grow over the coming years broadly in line with the overall crypto market cap, perhaps reaching $500 billion–$600 billion by 2028, far lower than the most optimistic expectations of $2 trillion–$4 trillion.” On the other hand, Citi still expects the stablecoin market to expand to $1.9 trillion by 2030 under normal conditions and potentially reach as high as $4 trillion in an upside scenario, compared with Standard Chartered’s $2 trillion projection for 2028. JPMorgan just introduced its JPM Coin for institutional clients  JPMorgan also cautioned that wider use of stablecoins for payments won’t automatically lead to a bigger market cap, as faster circulation reduces the need for higher outstanding balances. Instead, they anticipate that the greater use of payments would increase the frequency of stablecoins transactions. With USDT’s velocity around 50, they estimate that supporting $10 trillion in cross-border payments would require only $200 billion in stablecoins. Currently, more banks are taking an interest in stablecoins and exploring tokenized deposits. In November, JPMorgan, through its Kinexys unit, even introduced JPM Coin (JPMD) for institutional clients on Base, Ethereum’s layer 2 network incubated by Coinbase. It claimed the move would help both crypto-native and traditional companies transfer funds more quickly and efficiently. Furthermore, it argued that blockchain initiatives such as SWIFT’s experiments could help banks retain their position in international transfers, potentially limiting stablecoins’ use for institutional settlement.  Its analysts also noted that CBDC initiatives, including the digital euro and digital yuan, could compete with private stablecoins by offering regulated payment options for cross-border and institutional use. The analysts explained, "In all, we continue to anticipate stablecoin growth broadly in line with the overall crypto market universe over the coming years. Greater usage of stablecoins in payments does not necessarily imply a large increase in the required stock of stablecoins.” Moreover, it asserted that blockchain projects targeting institutional payments could bolster banks by using non-bearer tokenized deposits, at the expense of privately issued stablecoins.

    JPMorgan reiterates stablecoin market unlikely to hit $1T by 2028
    December 19, 2025 News
  • Solana prepares for the quantum era with new cryptography trials

    Solana prepares for the quantum era with new cryptography trials
    December 19, 2025 News
  • Charles Hoskinson contemplates $100M ADA sale to boost Cardano stablecoin liquidity.

    Hoskinson says Trump’s crypto ventures undermined bipartisan push for US regulation
    December 19, 2025 News
  • US crypto czar David Sacks warns of Orwellian AI that spies on citizens

    White House czar says crypto CLARITY Act set for Senate markup in January
    December 19, 2025 News

  • Bitwise sees Bitcoin as less volatile than Nvidia
    December 18, 2025 News
  • Buterin urges Ethereum simplification to achieve true trustlessness.

    Buterin urges Ethereum simplification to achieve true trustlessness
    December 18, 2025 News
  • Amazon backs out of Fermi’s $19B Texas AI data center deal

    Amazon backs out of Fermi’s $19B Texas AI data center deal
    December 18, 2025 Tech
  • Avalanche foresees a future built on custom blockchains

    Avalanche foresees a future built on custom blockchains
    December 18, 2025 News

  • Bitfinex waives fees across its entire trading platform
    December 18, 2025 News
  • Crypto lobbyists celebrate India's Independence Day with Bitcoin policy think tank

    India’s competition regulator approves Coinbase minority stake in CoinDCX
    December 18, 2025 News

  • Silvergate $10M settlement opens claims for FTX-linked depositors
    December 17, 2025 News

  • BitMine adds $140M to Ethereum treasury as prices slip
    December 17, 2025 News
  • Theta Labs faces lawsuits over CEO insider token manipulation allegations

    Theta Labs faces lawsuits over CEO insider token manipulation allegations
    December 17, 2025 News
  • Aave’s sets $1B DeFi goal after SEC clearance.

    Aave’s sets $1B DeFi goal after SEC clearance
    December 17, 2025 News
  • Coinbase CEO Brian Armstrong says traditional finance is broken

    Coinbase CEO Brian Armstrong says traditional finance is broken
    December 17, 2025 News
  • Bank of Canada to approve only high quality stablecoins

    Bank of Canada to approve only high quality stablecoins
    December 17, 2025 News

  • FTC moves to settle Nomad crypto hack case after $186M theft
    December 17, 2025 News

  • Trump open to Democratic SEC and CFTC picks to save crypto bill
    December 17, 2025 News

  • MetaX debut set to ignite Chinese AI chip rally
    December 17, 2025 Tech
  • Ark Invest buys the dip in Coinbase and other crypto-linked stocks

    Ark Invest buys the dip in Coinbase and other crypto-linked stocks
    December 16, 2025 News
  • Grayscale dismisses quantum threat to Bitcoin

    Grayscale dismisses quantum threat to Bitcoin
    December 16, 2025 News
  • ECB slams Italy for budget moves impacting banks

    ECB slams Italy for budget moves impacting banks
    December 16, 2025 Economy