PANews, July 21 news, according to Phoenix Network reports, 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 a preliminary framework for stablecoin regulation. In the short term, the stablecoin market is expected to grow by $25 billion to $75 billion, boosting demand for short-term U.S. Treasury bonds. While major banks remain cautious about domestic payment applications, they 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 custody services.
