Golden Finance reports that Bank of America’s latest research report deeply analyzes the potential transformative power of stablecoins in the financial system, pointing out that although this digital asset faces regulatory controversies, it has already demonstrated unique advantages in 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—compared to traditional banking systems, their settlement efficiency and cost advantages are significant, potentially becoming an important channel for capital flow in emerging markets. Notably, Shopify's initiative to allow merchants to accept USDC stablecoins has been seen as a landmark event for retail penetration, while the recent on-chain repurchase transaction of UST tokenized bonds further highlights institutional investors' recognition of the settlement functionality of stablecoins. In terms of market demand, Bank of America estimates that the potential demand for stablecoins for U.S. Treasury bonds over the next 12 months could reach between $25 billion and $75 billion, but this is insufficient to reverse the supply-demand dynamics of the Treasury bond market in the short term.
