Will US Banks Launch Their Own Stablecoins? Bank Of America Says They Might
Posted On July 24, 2025
Bank of America (NYSE:BAC) views the recently signed GENIUS Act as a pivotal step in shaping stablecoin regulation in the U.S., setting the stage for broader tokenization in finance.
What Happened: In a research note last week, the bank’s analysts said the legislation, signed by President Donald Trump, could spur infrastructure development and drive competition in the digital finance sector, Coindesk reported.
Stablecoins, which are digital tokens backed by fiat currencies or commodities like gold, are expected to see moderate growth in the near term.
Bank of America projects their supply could increase by $25 billion to $75 billion, driven by new …
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