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Bank of America Merrill Lynch: Stablecoins will have a disruptive impact on traditional bank deposits and payment systems


2025-07-2119216 Views
 according to Phoenix Net, the latest research report from Bank of America Merrill Lynch shows that as the stablecoin regulatory framework in the United States gradually lands, 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", setting a preliminary framework for stablecoin regulation. In the short term, the stablecoin market is expected to grow by 250-750 billion U.S. dollars, boosting demand for short-term U.S. Treasury bonds. While major banks are 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 Chase's deposit tokens and BNY Mellon's custody services.




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