Bank of America Reports Banks Preparing to Launch Crypto Stablecoins
Key updates from the latest Level Money report:
- slvlUSD delivered 7.99% weekly APY
- Total reserves at $74.5M across aUSDC and steakUSDC (Morpho)
- $68.98k in yield distributed this week
Market highlights:
- Stablecoins added $4.5B market cap post-GENIUS Act
- Lending overtakes stablecoin issuers as largest sector on Base by TVL
- MorphoLabs exceeds $1.6B in USDC supplied
- Bank of America reports banks preparing crypto stablecoin launches
Yield opportunities remain through Curve LP (60x XP), Pendle (40x XP), and Morpho vaults (40x XP).