【Bank of America Merrill Lynch: Stablecoins Will Have a Disruptive Impact on Traditional Bank Deposits and Payment Systems】According to Jinse Finance, Bank of America Merrill Lynch's latest research report 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 billion to $75 billion, which will boost the demand for U.S. short-term government bonds. While major banks are cautious about domestic payment applications, they generally believe that cross-border payments are a viable scenario and have begun to lay out related businesses, including JPMorgan's deposit tokens and BNY Mellon’s custody services.