Bank of America (BAC) says the genius law signed in the Last Friday of President Donald Trump marks a turning point for the US stablecoin regulation that lays the basis for infrastructure development and tokenized financing growth.
Supply of stableecoins, crypto-tokens, whose value is linked to the real-world assets such as Fiat currencies or gold, will grow a “relatively modest” $ 25 billion $ $ 75 billion in the short term, driven by product empties, infrastructure investments and competition from tokenized deposits and money market week.
The total market capital for stableecoins is currently about $ 270 billion, according to CoinMarketcap data.
Over the next 2-3 years, the bank’s analysts predict stableecoin consolidation and wider adoption of these cryptocurrencies and other tokenized assets, supported by the adoption of the Clarity Act.
This action aims to establish a clear legislative framework for digital assets in the United States that separate cryptocurrencies as either raw materials or securities. The legislation has been passed by the House of Representatives and will now be considered by the Senate.
Banks seem to issue their own stableecoins, with management team leaning against consortium -led models, noted the report. BOFA is preparing to enter the stableecoin market, CEO Brian Moynihan said last week. The bank has already laid the foundation and expects to act when the time is right, he said.
While cross -border use cases are gaining traction, most bank leaders do not expect a short term disruption of domestic payments, the report added.
On the macrofone, the demand for US treasuries associated with stablecoin reserves could cause the treasury to change issuance against short-term bills, the bank said.
Read more: JPMorgan looks stableecoin Market Frame $ 500B in 2028, far below Bullish forecasts
