Bank of America Prepares to Launch USD-Pegged Stablecoin

#BankOfAmerica (BoA) is planning to launch a USD-pegged stablecoin, marking a significant advancement for one of the leading banks in the United States into the digital asset space.

CEO David Moynihan stated that this stablecoin will function similarly to a money market fund or a bank account, providing stability and high liquidity.

The entry of #BoA into the stablecoin market could boost the acceptance of digital assets in traditional finance, while also directly competing with major stablecoins like USDT, $USDC . This could be a signal that the trend of currency digitization in the banking system is accelerating. #anhbacong