BAC, USB & Fifth Third Open to Stablecoins Amid Regulatory Shift

Key Takeaways BAC, USB and FITB express interest in stablecoins amid shifting U.S. regulatory sentiment. GENIUS and STABLE acts aim to set reserve rules, ban algorithmic coins and clarify oversight. Executives cite transaction speed, deposit retention, and payment efficiency as key benefits.At an industry conference in New York last week, senior executives of Bank of America (BAC) , Fifth Third Bancorp (FITB) and U.S. Bancorp (USB) stated that they are open to adopting stablecoins as they anticipate favor ...