Some large US banks plan to launch stablecoins

Several large financial institutions in the United States, including Bank of America and Citibank, are working on launching stablecoins, as the US government seeks to implement more friendly cryptocurrency regulatory policies. Bank of America CEO Brian Moynihan said on Wednesday that the bank is pushing forward with the launch of stablecoins, and investors can expect the bank to proceed with related plans, but did not disclose a specific timeline. Citigroup CEO Jane Fraser also expressed the possibility of issuing stablecoins to promote digital payments. We are considering issuing Citibank stablecoins, "she told analysts on Tuesday." This is a good opportunity for us. "Jamie Damon, CEO of JPMorgan Chase, who has always been a Bitcoin skeptic, said on Tuesday that the bank will enter the stablecoin business, but he did not disclose details.