Banks Are Racing to Launch Stablecoins

The recent approval of the Genius Act is already triggering a wave of movement across the financial sector. Major institutions are preparing to roll out crypto stablecoins in what could become one of the biggest shifts in banking in years.

According to Bank of America, several banks are actively laying the groundwork for issuing their own stablecoins. The firm projects that the total stablecoin supply could soar to $75 billion, a clear sign that traditional finance is making room for digital currency infrastructure.

JPMorgan, one of the largest players in global banking, confirmed that stablecoins will be integrated directly into the traditional financial system. The bank also pointed to a broader trend: tokenization of real-world assets. In short, digital tokens representing things like bonds, real estate, or equities may soon become standard within institutional portfolios.

This alignment between crypto assets and legacy banking is gaining traction rapidly, especially as regulatory clarity improves. The Genius Act, by giving legal structure and oversight to stablecoin issuance, appears to be the key development that pushed institutions off the sidelines.

The change will likely unfold in phases, but the direction is clear. Banks are no longer just observing digital currencies. They are building with them.