🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
Gate has surpassed 30M users worldwide — not just a number, but a journey we've built together.
Remember the thrill of opening your first account, or the Gate merch that’s been part of your daily life?
📸 Join the #MyGateMoment# campaign!
Share your story on Gate Square, and embrace the next 30 million together!
✅ How to Participate:
1️⃣ Post a photo or video with Gate elements
2️⃣ Add #MyGateMoment# and share your story, wishes, or thoughts
3️⃣ Share your post on Twitter (X) — top 10 views will get extra rewards!
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BoA is researching stablecoins to help transfer trillions of customer transactions
Bank of America (BoA) is exploring stablecoin to improve payment infrastructure using blockchain technology. In the second quarter earnings call, CEO Brian Moynihan stated that the bank is focused on using stablecoin as a means of transaction, aiming to transfer trillions of dollars of customer assets daily. BoA has considered the issuance of a stablecoin jointly with other major banks such as JPMorgan and Citigroup, and will proceed if there is supportive legislation.
In the second quarter, BoA reported a net profit increase of 3% to $7.12 billion, while revenue rose 4% to $26.61 billion. The stablecoin market is growing rapidly, with trading volumes surpassing Visa and Mastercard by 2024. The GENIUS Act on stablecoins has received support but faced obstacles in the House of Representatives.