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Benzinga
Benzinga
Business
Murtuza J Merchant

Will US Banks Launch Their Own Stablecoins? Bank Of America Says They Might

Bank of America United States BAC Bitcoin
Usdc,Usd,Coin,Stablecoin,Cryptocurrency,Golden,Coin,In,Hand,Abstract

Bank of America (NYSE:BAC) views the recently signed GENIUS Act as a pivotal step in shaping stablecoin regulation in the U.S., setting the stage for broader tokenization in finance.

What Happened: In a research note last week, the bank’s analysts said the legislation, signed by President Donald Trump, could spur infrastructure development and drive competition in the digital finance sector, Coindesk reported.

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