CryptoWorld News reports that JPMorgan analysts state that although the usage of stablecoins and on-chain transaction volumes continue to grow, their market capitalization may not expand at the same rate. The main reason is the increase in "velocity," meaning that the same unit of stablecoin is used more frequently for transactions within a certain period, thereby improving efficiency and reducing the need for new supply. Data shows that the current annualized on-chain transaction volume of stablecoins is approximately $17.2 trillion. Over the past year, market cap has grown by nearly $100 billion, with the total size exceeding $300 billion after including interest-bearing stablecoins. Usage scenarios are expanding from crypto trading and collateralization to the payments sector, with C2B and merchant payments growing rapidly. Asia remains the primary region of use.