News COINTELEGRAPH IN YOUR SOCIAL FEEDsaid in an X post on Feb. 26.

Hougan referred to the newly announced stablecoin plans by Bank of America (BofA) CEO Brian Moynihan, who on Feb. 25 said BofA would likely launch a US dollar-pegged stablecoin once regulators came up with relevant legislation.

Source: Matt Hougan

The news came shortly after Jeremy Allaire, co-founder of Circle — issuer of the second-largest stablecoin, USDC (USDC) — argued that all USD stablecoin issuers should be registered in the US.

Stablecoins as new CBDCs?

The BofA stablecoin news triggered mixed reactions from the community, with many seeing the news as a good sign for crypto adoption, while others viewed bank-issued stablecoins as a new version of central bank digital currencies (CBDC).

“So

Keep reading this article on Cointelegraph.com.

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