Stablecoin adoption could drive $1.4 trillion of dollar demand, JPMorgan says

Stablecoin adoption could drive $1.4 trillion of dollar demand, JPMorgan says

JPMorgan released a note estimating that if stablecoins gain wider use globally, they could generate an additional demand for U.S. dollars equal to $1.4 trillion by 2027.

Currently, the stablecoin market is roughly $260 billion, with most tokens pegged to the dollar. JPM’s scenario suggests that as foreign investors and businesses use stablecoins to preserve value, this will indirectly push demand for USD. 

This projection underlines the influence stablecoins could have on global currency flows. If realized, it would reshape how international capital moves and how emerging markets interact with dollar-denominated assets.