💥 Gate Square Event: #PostToWinPORTALS# 💥
Post original content on Gate Square related to PORTALS, the Alpha Trading Competition, the Airdrop Campaign, or Launchpool, and get a chance to share 1,300 PORTALS rewards!
📅 Event Period: Sept 18, 2025, 18:00 – Sept 25, 2025, 24:00 (UTC+8)
📌 Related Campaigns:
Alpha Trading Competition: Join for a chance to win rewards
👉 https://www.gate.com/announcements/article/47181
Airdrop Campaign: Claim your PORTALS airdrop
👉 https://www.gate.com/announcements/article/47168
Launchpool: Stake GT to earn PORTALS
👉 https://www.gate.com/announcements/articl
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.