Global #Bank of America

Bank of America (BofA) is officially preparing its entry into the stablecoin market, marking a significant strategic shift as major U.S. financial institutions increasingly embrace digital assets.

In a pivotal shift for the financial sector, Bank of America and U.S. Bank have announced plans to integrate stablecoins, marking a significant step toward merging traditional banking with digital assets.

JPMorgan Chase and Bank of America have recently revised their forecasts regarding a potential interest rate cut by the Federal Reserve in November. Citing a robust labor market, both banks now expect the Fed to implement a quarter-point reduction, shifting away from earlier predictions that suggested a more substantial cut due to anticipated economic weakening.