According to Deep Tide TechFlow, on July 15, Bank of America pointed out that the (GENIUS Act) will be voted on in the U.S. House of Representatives, and the stablecoin market is expected to experience explosive growth. Four major sectors will benefit: Ethereum, traditional banks, payment companies, and e-commerce platforms.
Ebrahim Poonawala, head of North American bank research at Bank of America, stated that Ethereum accounts for over half of stablecoins and has risen more than 18% in the past month. Traditional banks like JPMorgan are betting on stablecoin technology, while payment companies like Visa are developing stablecoin functionalities. Shopify plans to launch USDC payment services. It is expected that the infrastructure for stablecoins will take three to five years to build.
