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Bank of America Merrill Lynch: Stablecoins to Have Disruptive Impact on Traditional Banking Deposit and Payment Systems
Summary: According to reports, a recent research report from Bank of America Merrill Lynch indicates that as the US paves the way for stablecoin issuance, this digital asset will have a clear disruptive impact on traditional banking deposits and payment systems in the next 2 to 3 years. The report emphasizes that true transformation will be ...
According to reports, a recent research report from Bank of America Merrill Lynch indicates that as the US paves the way for stablecoin issuance, this digital asset will have a clear disruptive impact on traditional banking deposits and payment systems in the next 2 to 3 years. The report emphasizes that true transformation will be evident in the medium term. With the integration and popularization of stablecoins, their impact on the existing financial system will become increasingly apparent, posing competitive pressure from digital currencies on banks. As the US stablecoin regulatory framework begins to take shape, the banking industry is at a crossroads of active deployment and cautious observation.
The US banking industry is ready to embrace the era of stablecoins. From the comments of major bank management, the industry is actively preparing to provide stablecoin solutions. However, bankers remain cautious and even skeptical about their specific use cases, especially in the US domestic payment scene. (Wall Street News)
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Link: Bank of America Merrill Lynch: Stablecoins to Have Disruptive Impact on Traditional Banking Deposit and Payment Systems [Copy]
