According to online reports, JPMorgan Chase said that the global popularity of stablecoins may push trillions of dollars into the U.S. dollar in the next few years, even if market estimates of potential demand for such digital assets are widely divided. "The popularity of stablecoins is not so much accelerating de-dollarization as it may strengthen the dollar's position in the global financial system," JPMorgan's team Kunj Padh, Meera Chandan, Octavia Popescu and others said in a report on Tuesday. Bank strategists 'estimates of the final size of the stablecoin market vary widely, even within JPMorgan Chase. An emerging market equity strategy team expects this market to eventually expand to about US$2 trillion. The bank's U.S. interest rate strategists are more cautious, estimating the size of about US$500 billion. Based on the high end of the above range, JPMorgan foreign exchange strategists predict that by 2027, approximately US$1.4 trillion in additional dollar demand will support growth in the stablecoin market. This figure is large, but it is still far below the latest Bank for International Settlements statistics of the U.S. dollar currency pair average trading volume of US$8.6 trillion.