This marks the first time America's largest traditional bank has publicly confirmed exploring stablecoin implementation for its core transaction infrastructure. The unprecedented collaboration between BofA, JPMorgan, and Citigroup represents the largest consolidated banking power ($7+ trillion in combined assets) ever to pursue unified digital currency control.
BofA Stablecoin Push: Digital Mark System Takes Shape
📰 What Happened
Bank of America CEO Brian Moynihan announced the bank is exploring stablecoins to modernize payment systems handling trillions in transactions. During a July 15, 2025 earnings call, he revealed BofA's focus on stablecoins as transactional tools, with potential joint issuance alongside JPMorgan and Citigroup. This follows 2024's milestone where stablecoin volumes exceeded combined Visa and Mastercard transactions, signaling a dramatic shift in global payment infrastructure.
📖 Prophetic Significance
The convergence of three specific elements signals a critical timeline marker: 1) Major banks that handle trillions in transactions are moving to digital-only systems, 2) The unified approach between competing institutions indicates preparation for a single control mechanism, 3) The timing follows stablecoins surpassing traditional payment networks in 2024. This aligns with Revelation 13's economic control system requiring unified digital infrastructure. The banks' combined reach touching most global transactions creates the technical foundation for implementing the mark system.