JPMorgan has projected that yield-bearing stablecoins could increase their market share from 6% to 50%. This shift is seen as validation for companies like Defactor, which are developing infrastructure for real-world assets (RWAs) in decentralized finance (DeFi). The stablecoin market has recently reached a record market capitalization of $234.6 billion as of March 27, 2025, reflecting a rise of $30.9 billion, or 15%, since the beginning of the year. Over 60% of this capital is concentrated on the Ethereum network and its layer-2 solutions. Analysts suggest that stablecoins will continue to grow in dominance, enabling new consumer applications and democratizing access to dollar-denominated yields globally. Recent reports indicate that there are over $208 billion in stablecoins in circulation, with a year-over-year growth rate of 45% and over $4 trillion in transactions facilitated.