Bank of America: Stablecoin Rules Mark Start of Multi-Year Onchain Shift by U.S. Banks

Bank of America analysts assert that regulatory clarity emerging from the OCC, FDIC, and Federal Reserve regarding stablecoins and tokenized deposits marks the start of a multi-year transition for U.S. banks toward an on-chain future. The OCC's conditional approval of national trust bank charters for digital-asset firms is seen as a key step toward integrating crypto custody within the regulated banking system, provided strong controls are in place. Furthermore, the FDIC is expected to propose rules for payment stablecoins issued by bank subsidiaries under the GENIUS Act, which must be finalized by 2026. This regulatory movement, coupled with global efforts like the Bank of England's proposals, is expected to facilitate the on-chain migration of transactions involving bonds, stocks, money-market funds, and cross-border payments, requiring banks to develop blockchain fluency and experiment with tokenized assets.

(Source：CoinDesk)