<ul data-eligibleForWebStory="false"><li>JPMorgan believes stablecoins are primarily used for crypto-related activities like trading and DeFi, with only about 6% utilized for real-world transactions.</li><li>Challenges such as low yields, expensive conversions to fiat, and limited utility in everyday purchases hinder stablecoins from being a mainstream alternative to traditional currency.</li><li>The recent U.S. GENIUS Act passage is expected to provide clearer regulatory guidelines, potentially attracting institutional investment and accelerating stablecoin adoption.</li><li>Despite regulatory advancements, the rise of central bank digital currencies (CBDCs) poses a significant challenge to stablecoins, as governments worldwide are actively developing their digital currencies.</li></ul>

Why JPMorgan Thinks Stablecoins Won’t Hit $1 Trillion Anytime Soon

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