The popularity of "stablecoins" is steadily increasing, but this does not necessarily lead to a proportional increase in their total market capitalization. This is reported by The Block, citing JPMorgan analysts. According to the bank's report, transaction volumes are growing faster than capitalization due to increased velocity — that is, the frequency with which the same tokens change hands. The more efficient the stablecoin-based payment system, the higher this indicator: a larger transaction volume ensures a smaller issuance volume.