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Bank of America is developing its own proprietary stablecoin, marking a notable move by a major traditional financial institution into the blockchain-based payments space. The bank's CEO confirmed that the stablecoin infrastructure is being built both independently and in collaboration with industry partners. This development aligns Bank of America with other leading companies such as Apple, Amazon, Google, X, and Uber, all of which are reportedly working on digital dollar projects. The entry of Bank of America into the stablecoin market underscores growing interest among established financial and technology firms in creating digital currencies backed by U.S. dollars.
A brief selection of many more stablecoin headlines from the past quarter - Apple - Amazon - Google - X - Uber - Bank of America - and more All working on digital dollars Now which digital dollar protocol can offer structurally better returns on backing than T-bills and https://t.co/bD5sqYxnyB
JUST IN: BANK OF AMERICA CEO SAYS THE BANK IS DEVELOPING ITS OWN CRYPTO STABLECOIN Bank of America is entering the stablecoin race, with its CEO confirming development of a proprietary digital dollar, signaling major U.S. banking interest in blockchain-based payments. Source: https://t.co/dSFzcrulum
Bank of America: In on stablecoins? https://t.co/qkBUHXtBlS by @DsHollers
