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JPMorgan says rising stablecoin use may not lead to similar market cap growth

theblock.co·May 1, 2026

LMAX Digital is an institutional cryptocurrency exchange that provides high-level information and live data on various cryptocurrencies. Recent reports indicate that while stablecoin usage is rapidly increasing, this may not correspond to a proportional growth in market capitalization due to rising transaction velocity.

JPMorgan's analysis suggests that while stablecoin transaction volumes are increasing rapidly due to higher velocity, this trend might not translate into proportional growth in the overall stablecoin market cap. This insight highlights an opportunity for fintech professionals to explore innovations in stablecoin use cases and infrastructure that can enhance stability and broaden market adoption without solely relying on transaction volume growth.

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