Deep Tide TechFlow News, July 21, according to Phoenix Network, the latest research report from Bank of America Merrill Lynch shows that as the regulatory framework for stablecoins in the United States gradually takes shape, stablecoins will have a disruptive impact on traditional bank deposits and payment systems in the next 2-3 years. The U.S. President has signed the GENIUS Act, establishing an initial framework for stablecoin regulation. In the short term, the stablecoin market is expected to grow by $25-75 billion, which will boost demand for U.S. short-term government bonds. Major banks are cautious about domestic payment applications but generally believe that cross-border payments are a feasible scenario and have begun to lay out related businesses, including JPMorgan's deposit tokens and BNY Mellon's custodial services.