Bank of America is said to be one of the largest investment banks in the United States, working on its Stablecoin. This will be a great escalation in the adoption of Tradfi for the encryption industry.
Last month, rumors suggested that the company will launch Stablecoin with JPMorgan and other partners, but this has not yet been achieved.
Banking giants enter the Stablecoin race
During the past few months, the encryption industry has received an unprecedented level of attention from the traditional columns of financing and government.
Since President Trump suggested that Stablecoins may play a major role in the global domination of the dollar, these assets are especially grow. Today, the CEO of Bank of America Brian Moynihan confirmed plans to launch Stablecoin:
This is not the first time that the company has disturbed such plans. In March, Moinhan Claim This Bank of America has “no option” except the launch of Stablecoin. In the previous month, he made favorable unremitting statements, but he was generally opposed to the origins before that.
Last month, the Bank Of America also looked at Stablecoin’s launch with other bankers like JPMorgan, but this has not yet been achieved.
The fruits of this partnership can still come, or the company could have decided to take this endeavor alone. Either way, this can have tremendous repercussions for the entire encryption industry.
Disintegration
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