Bank of America: The Disruptive Application of Stablecoins in Cross-Border P2P Payments Could Generate Up to $75 Billion in Annual U.S. Treasury Demand

【Bank of America: The Disruptive Application of Stablecoins in Cross-Border P2P Payments Could Generate Up to $75 Billion in Annual U.S. Treasury Demand】Golden Finance reports that Bank of America's latest research report deeply analyzes the potential transformative power of stablecoins in the financial system. It points out that although this digital asset faces regulatory controversies, it has already demonstrated unique advantages in areas such as cross-border transactions and retail settlements. The report clearly states that cross-border person-to-person (P2P) payments are the most disruptive application scenario for stablecoins—significantly improving settlement efficiency and cost advantages compared to traditional banking systems, and could become an important channel for capital flow in emerging markets. Notably, Shopify's decision to allow merchants to accept USDC stablecoins has been seen as a landmark event in retail penetration, while the recent on-chain repurchase transaction of tokenized UST bonds further highlights institutional investors' recognition of the settlement function of stablecoins. In terms of market demand, Bank of America estimates that the potential demand for stablecoins in U.S. Treasuries could reach $25 billion to $75 billion over the next 12 months, but is insufficient in the short term to change the supply and demand dynamics of the Treasury market.