CoinVoice has recently learned that Bank of America Merrill Lynch's latest research report indicates that as the regulatory framework for stablecoins in the United States gradually takes shape, stablecoins are expected to 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, which sets a preliminary 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. Although major banks are cautious about domestic payment applications, they generally believe that cross-border payments are a feasible scenario and have begun to plan related businesses, including JPMorgan's deposit tokens and the custody services of BNY Mellon. [Original link]