Important points
- Bank of America believes that stablecoins and tokenized deposits will enter the regulated banking system under a new federal charter and regulations.
- Analysts expect final FDIC stablecoin rules to be developed by July 2026 and fully implemented by 2027.
Bank of America says U.S. banks are entering a multi-year transition to blockchain-based operations as regulators begin laying the groundwork for stablecoins and tokenized deposits.
Monday’s report highlights that recent OCC approvals for five digital asset companies indicate early acceptance by the federal government of crypto custody and stablecoins, provided they meet fiduciary standards and risk controls.
The FDIC is expected to propose rules this week that would allow supervised banks to issue payment stablecoins through their subsidiaries. These rules are required under the GENIUS Act and must be finalized by July 2026 and take effect by January 2027.
Analysts led by Ebrahim Poonawalla say these developments will open the door to regulated on-chain payments and real-world asset tokenization across the banking industry.
