Bank of America CEO Brian Moynihan announced plans to enter the stablecoin market, contingent on regulatory clarity. He cites the efficiency of stablecoins in cross-border transactions and emphasizes collaboration with industry stakeholders.
Currently, USDC leads the stablecoin realm with a market capitalization of 67.76 billion USD, reflecting its stability and usage. Moynihan’s push signifies a potential shift in banking dynamics, enhancing the role of stablecoins in the financial landscape.
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