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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 14:51:59

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)

Former Ethereum core developer: ETHs bullish logic in the next few years is not corporate balance sheet configuration, but the global adoption of stablecoins

GameSquare has acquired CryptoPunk #5577 from the founder of Compound in a $5.15 million USD private stock purchase.