Bank of America: With the passage of the GENIUS Act, the supply of U.S. stablecoins may increase by $25-75 billion in the short term

ChainCatcher news, according to CoinDesk, Bank of America stated that with the passage of the GENIUS Act, the supply of stablecoins is expected to grow by $25 billion to $75 billion in the short term.

The act lays the groundwork for stablecoin regulation in the United States, promoting the development of related infrastructure and tokenized finance. Bank of America also noted that the banking industry is preparing to issue stablecoins through an alliance model, and this growth is expected to drive increased demand for U.S. Treasury securities and facilitate the widespread adoption of digital assets.