Bank of America is in the early stages of exploring stablecoins

During the bank’s second-quarter earnings call, CEO Brian Moynihan addressed questions about BoA’s stablecoin strategy, noting that the initial focus is “on stablecoins as a transactional device.” Stablecoin-based payment rails could help BoA move the trillions of dollars in client assets that flow through its systems each day.

Bank of America is in the early stages of exploring stablecoins

During the bank’s second-quarter earnings call, CEO Brian Moynihan addressed questions about BoA’s stablecoin strategy, noting that the initial focus is “on stablecoins as a transactional device.” Stablecoin-based payment rails could help BoA move the trillions of dollars in client assets that flow through its systems each day.

https://cointelegraph.com/news/bank-of-america-stablecoin-strategy-regulatory-push