Stablecoin Supply to Grow as Much as $75B Following Passage of GENIUS Act, BofA Says
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Bank of America (BAC) says the GENIUS Act , signed into law last Friday by President Donald Trump, marks a turning point for U.S. stablecoin regulation, laying the groundwork for infrastructure development and tokenized finance growth. Supply of stablecoins, crypto tokens whose value is pegged to real world assets such as fiat currencies or gold, will grow a "relatively modest" $25 billion-$75 billion in the near term, driven by product rollouts, infrastructure investment and competition from to...
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