BofA says stablecoin demand for Treasuries projected at $25–$75B in the next year won’t shift T-bill dynamics but poses a bigger threat to money market funds, where tokenization and yield competition are forcing banks to adapt.

this has been a wet dream for cryptopunks for years now, cited by BofA as a threat to money markets, we come a long way

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• [PDF] Crypto goes steady: Stablecoins | Bank of America Institute (institute.bankofamerica.com)

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