Huge move incoming. This could be a game changer for stablecoins.

According to Foresight News, Bank of America has announced its willingness to issue its own stablecoin, contingent upon the enactment of relevant legislation by Congress. As the second-largest lending institution in the United States, Bank of America is poised to enter the stablecoin market if legislative conditions permit. CEO Brian Moynihan has affirmed the bank's readiness to explore this business area, highlighting the potential for expansion into digital currency offerings.