Bank of America forecasts that the U.S. stablecoin regulatory framework will lead to significant changes in banking, with a market growth of $25-75 billion anticipated over the next few years.
Bank of America projects that the U.S. stablecoin regulatory framework will disrupt traditional banking deposits and payment systems in 2-3 years. The recent signing of the GENIUS Act initiates this regulatory landscape, with the stablecoin market expected to grow by $25 billion to $75 billion, boosting demand for U.S. short-term Treasury bonds. While banks are cautious about domestic payment applications, they are exploring cross-border payment solutions, including JPMorgan's deposit tokens and Bank of New York Mellon's custody services.