Stablecoin Supply Expected to Surge Following GENIUS Act Passage

According to PANews, Bank of America anticipates a significant increase in stablecoin supply, projecting a rise of $25 billion to $75 billion in the short term following the passage of the GENIUS Act. This legislation establishes a regulatory framework for stablecoins in the United States, fostering the development of related infrastructure and tokenized finance. The bank also highlighted that the banking sector is preparing to issue stablecoins through a consortium model. This growth is expected to boost demand for U.S. Treasury bonds and promote the widespread adoption of digital assets.