Bank of America Said Stablecoin Adoption and CBDC is Inevitable

📣 Bank of America Said #Stablecoin Adoption and #CBDC is Inevitable

👉 U.S. has decided to move forward for creating its own CBDC, according to the Bank of #America.

👉 Bank of America #crypto strategists #AndrewMoss and #AlkeshShah wrote in a Jan. 24 note that CBDCs are an inevitable evolution of today’s electronic currencies.

👉 Both the analysts wrote that they expect stablecoin adoption and use for #payments to increase significantly over the next several years as financial institutions explore #digitalasset custody and trading solutions as payments companies incorporate #blockchaintechnology into their platforms.

👉 #Shah and #Moss also stated that the use of digital currencies issued by private companies is likely to grow.

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