Some big US banks plan to launch stablecoins, expecting crypto-friendly regulations

NEW YORK - Some large U.S. lenders, including Bank of America (BAC.N), opens new tab and Citibank (C.N), opens new tab, are working on launching stablecoins at a time when the country is looking to adopt more crypto-friendly regulations. BofA CEO Brian Moynihan said on Wednesday the bank is working on launching a stablecoin, and investors can expect…