JP Morgan "Stablecoin market, Could surpass 500 billion dollars within a few years"

JP Morgan recently published a report predicting that the stablecoin market could grow to a scale of 500 billion to as much as 700 billion dollars within a few years. According to the cryptocurrency media Zero Hedge, the report assumed that stablecoin issuers would invest approximately 70% in U.S. Treasury bonds and 30% in Treasury repos (repurchase agreements) for asset management. Consequently, it was analyzed that stablecoin issuers could rise to the third place globally based on U.S. Treasury bond holdings. JP Morgan foresaw that the rapid growth of stablecoins would gradually have a significant impact on the traditional financial market.