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JPMorgan Chase: Alipay and WeChat Pay are not a blueprint for stablecoin expansion in the future

By: theblockbeats.news|2025/07/04 09:21:47

BlockBeats News, July 4th, JPMorgan Chase predicts that by 2028, the growth of stablecoins will only reach $500 billion. They believe that the trillion-dollar forecast is "overly optimistic" as there is little evidence to suggest that USD-pegged cryptocurrency tokens will be widely adopted. Currently, stablecoin payment applications are still limited, accounting for only 6% of demand, or about $15 billion, mainly concentrated in cryptocurrency trading, decentralized finance, and collateralized lending.

Furthermore, regarding Ant Group's plan to apply for a stablecoin license in Hong Kong through its overseas subsidiary Ant International (which operates the mobile payment app Alipay), JPMorgan Chase stated that the rapid expansion of the digital yuan and the success of Alipay and WeChat Pay are not a template for future stablecoin expansion. (Reuters)

Central Bank: Increase efforts to replicate and promote the "Shanghai Experience," supporting the innovative application and promotion of the digital RMB in related pilot free trade zones.

新建钱包向HyperLiquid注入416万美元USDC，并以10倍杠杆做多HYPE