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Bank of America climbs as 21 banks prepare stablecoin push

Bank of America climbed approximately 0.6% to $62.295 Tuesday. The bank is part of a group of 21 major banks planning a jointly owned company this year to launch a dollar-backed digital currency in the first hal…

BAC

Bank of America NYSE:BAC, the consumer-banking and payments giant, climbed approximately 0.6% to $62.295 Tuesday as 21 major banks prepared a coordinated stablecoin offensive.

The group plans to establish a jointly owned company this year and launch a dollar-backed digital currency in the first hal…