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Bank of America CEO Brian Moynihan stated that the bank is prepared to launch its own stablecoin if Congress provides regulatory approval, while Fidelity is also exploring stablecoin offerings through its digital assets division
Stablecoin legislation is expected in 2025, with the Trump administration advocating for regulatory clarity as a means to strengthen the U.S. dollar’s position in global finance
Stablecoins have expanded into a $214 billion market, facilitating $35 trillion in yearly transactions, twice the volume handled by Visa

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