Bank of America: U.S. stablecoin supply may increase by $25 billion to $75 billion in the short term due to the GENIUS Act

By: odaily.com|2025/07/24 14:51:46

Odaily News Bank of America said that with the passage of the GENIUS Act, the supply of stablecoins is expected to grow by $25 billion to $75 billion in the short term. The bill lays the foundation for stablecoin regulation in the United States and promotes the development of related infrastructure and tokenized finance. Bank of America also pointed out that the banking industry is preparing to issue stablecoins through a consortium model. This growth is expected to drive an increase in demand for U.S. Treasuries and promote the widespread adoption of digital assets. (CoinDesk)

GameSquare has acquired CryptoPunk #5577 from the founder of Compound in a $5.15 million USD private stock purchase.Former Ethereum core developer: ETHs bullish logic in the next few years is not corporate balance sheet configuration, but the global adoption of stablecoins

Fairdesk Crypto Exchange Shuts Down Amid Regulatory Pressures: A Look Back on Its Closure

As of today, August 14, 2025, the cryptocurrency landscape continues to evolve rapidly, with past events like the…

crypto insight|2025/08/14 07:40:18

WEEX 2025 Global Offline Events Hub

From the vibrant streets of Hong Kong to the sunlit shores of Lisbon, 2025 marks a defining year for WEEX on the global stage.

WEEX|2025/08/12 11:59:13

WEEX Steals the Show at BlockchainRIO 2025: First LATAM Appearance Unlocks Brazil’s Crypto Potential

In 2025, WEEX lit up Latin America with its debut at BlockchainRIO as Platinum Sponsor. With bold vision and unstoppable momentum, the rising exchange made waves across the region’s crypto scene.

WEEX|2025/08/13 09:30:52

Ripple Rolls Out Cross-Border Blockchain Payments in the UAE

Imagine sending money across borders as effortlessly as texting a friend—quick, cheap, and crystal clear. That’s the promise…

crypto insight|2025/08/10 16:10:21

Ziglu Crypto Collapse: $2.7M Shortfall Threatens Thousands of Savers in 2025

Imagine pouring your hard-earned savings into a promising crypto platform, only to watch it crumble, leaving you locked…

crypto insight|2025/08/10 16:10:19