When the second biggest bank in the U.S. wants to hop on the crypto bandwagon, you know things are getting serious—or just weird. Bank of America’s CEO says they’ll launch a stablecoin as soon as the law allows it, but even he’s not quite sure what it’s actually useful for. Hey, who needs a purpose when there’s money to be made?

CEO of Bank of America Says It’ll Launch a Stablecoin as Soon as It’s Legal