🇺🇸U.S. megabanks are lining up stablecoin plans:

• Bank of America says its own coin is in the works, timing TBD

• Citigroup exploring a “Citi stablecoin” for digital payments

• Morgan Stanley and JPMorgan monitoring or building similar products

With the GENIUS stablecoin bill nearing a House vote, Wall Street is bracing for crypto-friendly rules that could bring bank-issued dollars on-chain