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Bank of America predicts that stablecoin P2P payments will have a $75 billion annual impact.
The rise of stablecoins, which are digital currencies pegged to traditional assets such as the US dollar, has garnered widespread attention in the financial sector. According to a recent analysis by Bank of America, the implementation of stablecoins in cross-border peer-to-peer (P2P) payments could lead to an astonishing annual revenue generation of up to $75 billion. This prediction…