CoinVoice has recently learned that a new 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 President of the United States has signed the GENIUS Act, establishing a preliminary framework for stablecoin regulation.



The stablecoin market is expected to grow by $25 to $75 billion in the short term, 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 layout related businesses, including JPMorgan's deposit tokens and BNY Mellon's custody services.
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