📢 Gate Square Exclusive: #PUBLIC Creative Contest# Is Now Live!
Join Gate Launchpool Round 297 — PublicAI (PUBLIC) and share your post on Gate Square for a chance to win from a 4,000 $PUBLIC prize pool
🎨 Event Period
Aug 18, 2025, 10:00 – Aug 22, 2025, 16:00 (UTC)
📌 How to Participate
Post original content on Gate Square related to PublicAI (PUBLIC) or the ongoing Launchpool event
Content must be at least 100 words (analysis, tutorials, creative graphics, reviews, etc.)
Add hashtag: #PUBLIC Creative Contest#
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The Bank of America is researching stablecoins to help transfer trillions of customer transactions.
Gate news bot news, Bank of America (BoA) is exploring stablecoins to leverage blockchain technology to improve its payment infrastructure. In the Q2 earnings call, CEO Brian Moynihan stated that the bank is focused on using stablecoins as a means of transaction, aiming to transfer trillions of dollars in customer assets daily. Bank of America has considered collaborating with other major banks such as JPMorgan Chase and Citigroup to jointly issue stablecoins, and proceed under supportive regulatory conditions.
Bank of America's second-quarter net profit rose 3% to $7.12 billion and revenue rose 4% to $26.61 billion. The stablecoin market is growing rapidly and is expected to surpass Visa and Mastercard in trading volume by 2024. THE GENIUS BILL ON STABLECOINS HAS GAINED SUPPORT BUT FACES RESISTANCE IN THE HOUSE OF REPRESENTATIVES.