Bank of America is Reportedly Launching its Stablecoin Soon

Bank of America, one of the largest investment banks in the US, is reportedly working on its own stablecoin. This would represent a major escalation in TradFi’s adoption of the crypto industry. Last month, rumors suggested that the firm would launch a stablecoin with JPMorgan and other partners, but this has not materialized yet. Banking Giants are Entering the Stablecoin Race Over the last few months, the crypto industry has received an unprecedented level of interest from the traditional pillars of finance and government source: https://beincrypto.com/bank-of-america-stablecoin-development-started/