Bank of America Eyes Stablecoin Issuance, Depends on Congressional Action

Bank of America is eyeing a potential entry into the stablecoin market, according to Foresight News. The second-largest lending institution in the U.S., Bank of America has expressed interest in issuing its own stablecoin, contingent upon Congress enacting relevant legislation. CEO Brian Moynihan emphasized this bank’s readiness to explore the burgeoning digital currency landscape and expand into new business opportunities.