Major financial institutions continue to question the pace of stablecoin adoption, with recent analysis suggesting the trillion-dollar stablecoin market might not materialize as quickly as some bullish forecasts suggest. A top-tier banking institution has reiterated its skepticism about reaching such valuations by 2028, citing several structural headwinds in the market. The reasoning? Regulatory uncertainty remains a significant brake on mainstream adoption, while the actual use cases for stablecoins beyond trading and speculation are still developing. Current infrastructure limitations and the fragmented landscape of stablecoin projects also complicate achieving such ambitious scale. That said, the sector continues to grow steadily, with increasing institutional participation and improving on-ramp solutions. The question isn't whether stablecoins will matter, but rather the realistic timeline for achieving mass-market penetration.