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About BIAO

Biaoqing (BIAO) is a cryptocurrency launched in 2024. BIAO has a current supply of 1.00Bn with 0 in circulation. The last known price of BIAO is 0.000292254864 USD and is -0.000017578555 over the last 24 hours. It is currently trading on active market(s) with $97,795.16 traded over the last 24 hours. More information can be found at .
BIAO Price Statistics
BIAO’s Price Today
24h Price Change
-$0.0000175785555.67%
24h Volume
$97,795.1681.93%
24h Low / 24h High
$0 / $0
Volume / Market Cap
--
Market Dominance
0.00%
Market Rank
#5955
BIAO Market Cap
Market Cap
$0
Fully Diluted Market Cap
$292,254.86
BIAO Price History
7d Low / 7d High
$0 / $0
All-Time High
$0
All-Time Low
$0
BIAO Supply
Circulating Supply
0
Total Supply
1.00Bn
Max Supply
1.00Bn
Updated Feb 27, 2025 11:43 am
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BIAO
Biaoqing
$0.000292254864
$0.000017578555(-5.67%)
Mkt Cap $0
Bank Of America Prepares For Stablecoin Launch Amid Regulatory Developments
Bank Of America Prepares For Stablecoin Launch Amid Regulatory Developments
According to ShibDaily, Bank of America (BofA) CEO Brian Moynihan has announced the bank's readiness to launch its own stablecoin, contingent upon the establishment of a clear regulatory framework for digital assets in the United States. Speaking at The Economic Club of Washington, D.C., Moynihan highlighted that the introduction of a 'Bank of America Coin' is imminent, pending the passage of relevant legislation. He emphasized the likelihood of a fully dollar-backed stablecoin emerging from ongoing legislative discussions on Capitol Hill. Moynihan stated, "If they make that legal, we will go into that business." With U.S. President Donald Trump's administration showing support for the cryptocurrency sector, lawmakers are actively working on legislation to regulate stablecoins. Moynihan explained that this regulatory clarity could enable BofA to issue its own stablecoin linked to a U.S. dollar deposit account. He also discussed the potential uses of such a stablecoin, noting its similarities to money market funds due to its asset-backed nature and lower volatility compared to other digital assets like Bitcoin. Moynihan further distinguished stablecoins from other blockchain-based innovations, highlighting their stability and functionality akin to traditional bank accounts. Bank of America has been a pioneer in digital banking, having launched an iPhone app ahead of its competitors when mobile banking was still in its infancy. Moynihan revealed that the bank invests approximately $4 billion annually in new technology, with an additional $8 to $9 billion allocated for system maintenance. This significant investment underscores the bank's commitment to digital growth, with 40 million customers currently utilizing BofA's digital services for their banking needs. In contrast, JP Morgan, a major competitor of Bank of America, has been active in the stablecoin market since 2020. Through its Onyx blockchain platform, JP Morgan introduced the JPM Coin, designed to facilitate cross-border transactions and streamline payments between financial institutions. This initiative positions JP Morgan as a significant player in the evolving landscape of blockchain-based financial services. The developments in the stablecoin sector reflect the broader push by the current administration to support the crypto industry, with Bank of America poised to enter the market once regulatory conditions are favorable.
Feb 27, 2025 11:43 am

Frequently Asked Questions

  • What is the all-time high price of Biaoqing (BIAO)?

    The all-time high of BIAO was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Biaoqing (BIAO) is 0. The current price of BIAO is down 0% from its all-time high.

  • How much Biaoqing (BIAO) is there in circulation?

    As of , there is currently 0 BIAO in circulation. BIAO has a maximum supply of 1.00Bn.

  • What is the market cap of Biaoqing (BIAO)?

    The current market cap of BIAO is 0. It is calculated by multiplying the current supply of BIAO by its real-time market price of 0.000292254864.

  • What is the all-time low price of Biaoqing (BIAO)?

    The all-time low of BIAO was 0 , from which the coin is now up 0%. The all-time low price of Biaoqing (BIAO) is 0. The current price of BIAO is up 0% from its all-time low.

  • Is Biaoqing (BIAO) a good investment?

    Biaoqing (BIAO) has a market capitalization of $0 and is ranked #5955 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Biaoqing (BIAO) price trends and patterns to find the best time to purchase BIAO.