#AppleCryptoUpdate

Bank of America expresses interest in issuing a stablecoin

AI Summary

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