The CEO of Bank of America: we are working on launching our own stablecoin
Bank of America, one of the largest banks in the world, has confirmed that it is currently developing its own digital stable currency (stablecoin), intended to be used in digital transfers and transactions.
• This is a major step that confirms that traditional American banks are officially entering the world of cryptocurrencies, seeking to keep pace with digital innovation.
• A stablecoin issued by a bank of this magnitude = increased trust from the public and regulators,
and it paves the way for new applications in finance.
• This development could also represent direct competition to stablecoins like USDC or USDT,
