$75B Stablecoin Boom Incoming? BofA Predicts Massive Growth Post-GENIUS Act
Wall Street's crystal ball just flashed green for stablecoins—Bank of America forecasts a $75 billion supply surge now that the GENIUS Act is law.
Why it matters
Forget 'slow and steady'—regulatory clarity could send stablecoins sprinting toward mainstream finance. Finally, politicians did something useful between fundraising dinners.
The fine print
BofA's projection hinges on institutional adoption, not crypto degens. Watch for TradFi players to pivot from 'dangerous speculation' to 'strategic digital asset allocation' faster than a hedge fund rebranding a Ponzi scheme.
Bottom line
The dollar's digital avatars are coming. Whether this fuels real-world utility or just creates a $75 billion parking lot for crypto speculators remains to be seen—but either way, the suits are buying in.