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Bitcoin.com News|Feb 26, 2025 16:13
Bank of America could launch a dollar-backed stablecoin if Congress passes pending legislation, CEO says. 🏦🔗
• BOA’s stablecoin plans hinge on the Lummis-Gillibrand Act, stuck in Senate committee.
• CEO Moynihan likened it to a “bank account” for digital payments.
• Critics warn of risks; supporters say it’ll boost innovation and the dollar’s role.
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