BofA Merrill Lynch: Stablecoins Will Have a Disruptive Impact on Traditional Bank Deposits and Payment Systems

Odaily Planet Daily – According to a recent research report by Bank of America Merrill Lynch, as the United States paves the regulatory path for stablecoin issuance, this digital asset is expected to have a clear and disruptive impact on the traditional banking deposit base and payment systems within the next two to three years. The report emphasizes that the real transformation will become apparent in the medium term. As stablecoins become more integrated and widespread, their impact on the existing financial system will become increasingly evident, and banks will face direct competition from digital currencies. With the initial regulatory framework for stablecoins taking shape in the US, the banking industry now stands at a crossroads between proactive deployment and cautious observation.
The US banking sector is ready to embrace the era of stablecoins. Judging from comments by senior management at major banks, the industry is actively preparing to offer stablecoin solutions. However, when it comes to specific use cases—especially domestic payment scenarios in the US—bankers remain cautious, and even skeptical. (Phoenix News)