Bank of America Report: Stablecoins Will Have a Disruptive Impact on Traditional Bank Deposits and Payments in 2-3 Years

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According to a recent research report from Bank of America Merrill Lynch, as the United States paves the way for the issuance of stablecoins, this digital asset will have a clear and visible disruptive impact on the deposit base and payment systems of traditional banks in the next 2 to 3 years. The report emphasizes that real change will manifest in the medium term. With the integration and popularity of stablecoins, their impact on the existing financial system will become increasingly apparent, and banks will face competitive pressure from digital money. As the U.S. stablecoin regulatory framework begins to take shape, the banking industry is at a crossroads of proactive positioning and cautious observation.

The American banking industry is ready to embrace the arrival of the stablecoin era. From the comments of management at major banks, the industry is actively preparing to offer stablecoin solutions. However, regarding specific use cases, especially in domestic payment scenarios in the United States, bankers remain cautious and even skeptical.

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SigmaBrainvip
· 07-22 19:17
Are old banks in a panic as stablecoins arrive?
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RamenDeFiSurvivorvip
· 07-22 05:02
doomed bank is going to be doomed
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DataBartendervip
· 07-22 04:44
The bank is in a panic, haha.
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BearMarketMonkvip
· 07-21 03:19
Naive, the more you manage, the more it dies.
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SatoshiHeirvip
· 07-21 03:11
Undoubtedly, this report seriously underestimates the technology iteration cycle, and it is recommended to re-read Vitalik Buterin's 2017 paper.
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RugPullAlarmvip
· 07-21 03:10
Sell the prediction, first look at the capital flow; BTC active sell orders are increasing.
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MetaMisfitvip
· 07-21 03:00
The bank is just starting to panic~
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