Bank of America Sees Stablecoin Regulation as Catalyst to Mass Adoption

Bank of America Sees Stablecoin Regulation as Catalyst to Mass Adoption
The publication of the Treasury report, Report on Stablecoin (RoS), earlier this month is an “indication of urgency” for the regulation of stablecoins, given their potential to become a viable payments method, Bank of America said in a research note published on Tuesday.Institutions are waiting for rules to be defined before increasing exposure to digital assets, and a “regulatory framework should incentivize payments companies to integrate blockchain technology and stablecoins into their platforms,” the bank said.Mastercard, Signature, Visa and Western Union, all of which are buy-rated stocks in BofA’s research coverage, could see an increase in market value from stablecoin…