🚨 Bank of America Reportedly Developing Fully Dollar-Backed Stablecoin

🏛 Another Wall Street giant steps into crypto. Bank of America is reportedly working on launching its own USD-backed stablecoin, signaling a major shift in how traditional finance views digital assets.

🔹 Confirmed by CEO Brian Moynihan

🔹 Designed to be fully backed by the U.S. dollar

🔹 Aims to compete in the fast-evolving digital currency landscape

🔹 Reflects growing institutional demand for secure, regulated stablecoins

🌐 This move puts BoA in line with other major players like JPMorgan and PayPal, further blurring the line between TradFi and DeFi.

📢 From cautious curiosity to active participation—are banks finally embracing the future of money?

#BankOfAmerica #Stablecoin #Blockchain #Crypto #DeFi

https://coingape.com/bank-of-america-reportedly-working-on-launching-a-stablecoin/