Bank of America (BAC) says that the Engineering Act, signed last Friday by President Donald Trump, marks a turning point for the regulation of American stablescoin, laying the foundations for infrastructure development and token financial growth.
The offer of stable ecunines, crypto tokens whose value is set to real assets such as fiduciary or gold currencies, will increase a “relatively modest” of $ 25 billion to $ 75 billion in the short term, caused by product deployments, infrastructure investment and competition from token and market funds and market funds and market funds and market funds and market funds and market funds and market funds and market funds and market funds and market funds and Monetary, the bank said in a report report.
The total market capitalization of stablecoins is currently about $ 270 billion, according to CoinmarketCap data.
Over the next 2 to 3 years, bank analysts predict the consolidation of stables and the broader adoption of these cryptocurrencies and other tokenized assets, supported by the promulgation of the Clarity Act.
This act aims to establish a clear regulatory framework for digital assets in the United States, distinguishing cryptocurrencies such as raw materials or titles. The legislation has been adopted by the House of Representatives and will now be examined by the Senate.
Banks seem ready to emit their own stablecoins, with management teams supported towards models led by consortium, noted the report. Bofa is preparing to enter the Stablescoin market, said CEO Brian Moynihan last week. The bank has already laid the foundations and expects to act when the time has come, he said.
While cross -border use cases are gaining ground, most of the bank’s managers do not expect a short -term disruption of interior payments, added the report.
On the macro front, the request for American treasury bills linked to the Stablecoin reserves could encourage the Treasury Department to move the issue to short -term invoices, the bank said.
Read more: JPMorgan sees the Stablescoin market reaching $ 500 billion by 2028, well below the Haussiers forecasts
