Bank of America: US stablecoin supply may increase by $25 billion to $75 billion in the short term due to GENIUS bill

According to CoinDesk, Bank of America has stated that with the passage of the GENIUS Act, it is expected that stablecoin supply will increase by $25 billion to $75 billion in the short term. This bill lays the foundation for the regulation of stablecoins in the United States, promoting the development of related infrastructure and tokenized finance. Bank of America also pointed out that the banking industry is preparing to issue stable currency through the alliance model, which is expected to increase the demand for US treasury bond bonds and promote the widespread adoption of digital assets.