Some large US lenders, including Bank of America (BofA) and Citibank, are working on launching stablecoins at a time when the country is looking to adopt more crypto-friendly regulations.

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BofA has “done a lot of work” on launching its stablecoin and is trying to understand customer demand in the space.

Bank of America is holding back on stablecoins, with CEO Brian Moynihan citing regulatory uncertainty and limited customer ...

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Citi’s CEO revealed this week that the multinational bank is considering developing a stablecoin for cross-border payments.