Its been clear for months now that every bank will probably have their own private chain and stable.
anarchyisutopia on
Maybe I’m a bit of a paranoid curmudgeon but, wouldn’t a centralized financial institution owning a crypto coin go against the decentralized ethos of cryptocurrency?
JetHeavy on
Unregulated CBDCs . The rug party begins.
2Tacos4oneDollar on
The bank that was closing accounts for buying crypto. Fuck Bank of America and BMO
AgitatedDragonfly769 on
Anyone buying stablecoins from these leeches deserves to rugged
quintavious_danilo on
There are already 50000 stablecoins, including that one from Paypal. Why would I use a BoA coin?
WolfEither3948 on
The fed is just using stable coin exchanges as liquidity facilities to prop up demand for US treasuries. Just like money market fund, stable coin exchanges will be backed by short term US treasuries.
Oh and tokenized money market funds owned by big banks and blackrock will receive preferential treatment over private stable coins like tether. (Genius Act, 2025)
CommentSmooth7030 on
If USDT tether tanks bitcoin tanks. Banks want to control bitcoin haha
LonelyAd9911 on
CEO looks like a crook lmao
notbadnotgood18 on
Moynihan is about to make the biggest rug pull of all time
B12Washingbeard on
He looks like he just let out a massive fart in that photo
series_hybrid on
Like the CIA, the big three banks will admit that twenty years ago they were caught pulling shenanigans, but the executives and employees that are there NOW can be trusted…
Yeah, right, pal…
async9 on
how many usd stablecoins do we have now? 3? 4?
na3than on
Both independently and not independently? How does that work?
Maleficent_Wasabi_35 on
So I’m Jewish just for context..
I also work in the fintech industry
I would rather invest in German trains in 1939 than Bank of America
kirtash93 on
TLDR; Bank of America is developing a shitcoin.
D1RE on
I always find it amusing that no matter how much professional coaching they get, you can’t teach most CEOs to smile with their eyes.
Invest_and_ballout on
After they told you for years it was a pet rock
susosusosuso on
Trash
Enfiznar on
Remember when the goal of crypto was to get rid of banks due to the 2008 crisis?
ActionJasckon on
Big banks trying to control the money again. Dun dun dunnn
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21 Kommentare
Its been clear for months now that every bank will probably have their own private chain and stable.
Maybe I’m a bit of a paranoid curmudgeon but, wouldn’t a centralized financial institution owning a crypto coin go against the decentralized ethos of cryptocurrency?
Unregulated CBDCs . The rug party begins.
The bank that was closing accounts for buying crypto. Fuck Bank of America and BMO
Anyone buying stablecoins from these leeches deserves to rugged
There are already 50000 stablecoins, including that one from Paypal. Why would I use a BoA coin?
The fed is just using stable coin exchanges as liquidity facilities to prop up demand for US treasuries. Just like money market fund, stable coin exchanges will be backed by short term US treasuries.
Oh and tokenized money market funds owned by big banks and blackrock will receive preferential treatment over private stable coins like tether. (Genius Act, 2025)
If USDT tether tanks bitcoin tanks. Banks want to control bitcoin haha
CEO looks like a crook lmao
Moynihan is about to make the biggest rug pull of all time
He looks like he just let out a massive fart in that photo
Like the CIA, the big three banks will admit that twenty years ago they were caught pulling shenanigans, but the executives and employees that are there NOW can be trusted…
Yeah, right, pal…
how many usd stablecoins do we have now? 3? 4?
Both independently and not independently? How does that work?
So I’m Jewish just for context..
I also work in the fintech industry
I would rather invest in German trains in 1939 than Bank of America
TLDR; Bank of America is developing a shitcoin.
I always find it amusing that no matter how much professional coaching they get, you can’t teach most CEOs to smile with their eyes.
After they told you for years it was a pet rock
Trash
Remember when the goal of crypto was to get rid of banks due to the 2008 crisis?
Big banks trying to control the money again. Dun dun dunnn