Bank of America: US Stablecoin Supply May Increase by $25 Billion to $75 Billion in the Short Term Due to the GENIUS Act
Odaily Planet Daily reported that Bank of America stated that with the passage of the GENIUS Act, the supply of stablecoins is expected to increase by $25 billion to $75 billion in the short term. The act lays the foundation for stablecoin regulation in the United States, driving the development of related infrastructure and tokenized finance. Bank of America also noted that the banking industry is preparing to issue stablecoins through consortium models. This growth is expected to boost demand for U.S. Treasury bonds and promote the widespread adoption of digital assets. (CoinDesk)
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