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Futures
Futures
Hundreds of contracts settled in USDT or BTC
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HOT
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Earn interests with idle tokens
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Auto-invest on a regular basis
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Buy low and sell high to take profits from price fluctuations
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Pledge one crypto to borrow another
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- 📢 Gate Square Ambassador Recruitment is Now Open! 🔥
Join Gate Ambassadors for more than just creating — embark on an exciting journey! 💡
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Details: https://www.gate.com/zh-tw/announcements/article/47455
BoA is researching stablecoins to help transfer trillions of customer transactions
Bank of America (BoA) is exploring stablecoin to improve payment infrastructure using blockchain technology. In the second quarter earnings call, CEO Brian Moynihan stated that the bank is focused on using stablecoin as a means of transaction, aiming to transfer trillions of dollars of customer assets daily. BoA has considered the issuance of a stablecoin jointly with other major banks such as JPMorgan and Citigroup, and will proceed if there is supportive legislation.
In the second quarter, BoA reported a net profit increase of 3% to $7.12 billion, while revenue rose 4% to $26.61 billion. The stablecoin market is growing rapidly, with trading volumes surpassing Visa and Mastercard by 2024. The GENIUS Act on stablecoins has received support but faced obstacles in the House of Representatives.