Bank of America will soon launch a stablecoin.

This will be a huge W for the country, BofA and crypto. Why?

- Stablecoins distribute dollars directly to people globally and create net new buyers of US treasuries.

- Stablecoin issuance is a great business. Tether was one of the most profitable companies per employee in history in 2024.

- Stablecoins are a great onchain onramp. Billions of people will likely first get onchain with stables in Ethereum wallets, then start using ETH, DEXs, onchain lending, NFTs, prediction markets, decentralized social and much more.