Bank of America: Stablecoins are disruptive applications in cross-border P2P payments, potentially generating annualized demand for US Treasury bonds worth up to $75 billion.
the latest research report from Bank of America has deeply analyzed the potential revolutionary power of stablecoins in the financial system, pointing out that this digital asset, despite facing regulatory controversies, has already shown unique advantages in areas such as cross-border transactions and retail settlements. The research report clearly states that cross-border peer-to-peer (P2P) payments are the most disruptive application scenario for stablecoins - compared to traditional banking systems, their settlement efficiency and cost advantages are significant, and they may become an important channel for the flow of funds in emerging markets. It is worth noting that Shopify's move to allow merchants to accept USDC stablecoins has been seen as a landmark event in retail penetration, while the recent tokenization of UST bonds completing repurchase transactions on-chain further highlights institutional investors' recognition of stablecoin settlement functions. In terms of market demand, Bank of America estimates that the potential demand for stablecoins for US Treasury bonds in the next 12 months could reach $25 billion to $75 billion, but in the short term, it is not enough to reverse the supply-demand situation in the bond market.
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