Bank of America: Stablecoins for cross-border payments are disruptive and may generate demand for $75 billion in US Treasury bonds The latest research report from Bank of America points out that stablecoins have shown significant efficiency and cost advantages in cross-border P2P payments, and may become an important tool for capital flow in emerging markets. Shopify supports USDC payments and USTs tokenized bond repurchase transactions, demonstrating retail and institutional recognition of stablecoins. Bank of America estimates that the demand for US bonds from stable currencies may reach 25 billion to 75 billion US dollars in the coming year, but it is difficult to change the supply and demand pattern of the treasury bond bond market in the short term. At the same time, stablecoins pose competitive pressure on money market funds (MMFs), and some MMFs are accelerating their tokenization process to address the challenges.