TechFlow, July 24 — According to CoinDesk, Bank of America stated that the GENIUS Act signed by President Trump last Friday marks a turning point for stablecoin regulation in the United States, expecting stablecoin supply to grow by $25 billion to $75 billion in the near term.
The bank noted in its report that this growth will be driven by new product launches, infrastructure investments, and competition from tokenized deposits and money market funds. The current total market capitalization of stablecoins is approximately $270 billion.
Bank of America analysts expect stablecoins to consolidate and drive broader adoption of these cryptocurrencies and other tokenized assets over the next two to three years with the passage of the CLARITY Act, which aims to establish a clear regulatory framework for digital assets in the United States.
