Tag: BofA

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Major US Banks Including JPMorgan, Citi and BofA Plan Shared Tokenized Deposit Network

JPMorgan, Citi, Bank of America, Wells Fargo, and more than a dozen peers have announced a joint initiative to put commercial bank deposits onchain,...

BofA CEO Warns Interest-Bearing Stablecoins Could Pull $6T from Banks

Bank of America CEO Brian Moynihan warned that interest-bearing stablecoins could pull as much as $6 trillion out of the US banking system, arguing...