Bank of America, the $3.3 trillion financial institution, is preparing to launch its own cryptocurrency stablecoin. According to multiple reports citing Reuters and statements from CEO Brian Moynihan, the bank has been actively working on the development of this stablecoin, which is expected to be launched on the Ethereum blockchain. This move marks Bank of America's entry into the growing digital asset space, reflecting the broader trend among traditional banks to engage with blockchain technology and digital currencies.