TRON’s $691B USDT surge meets Bank of America’s stablecoin plans: A new crypto era?

• Bank of America fast-tracks a USD stablecoin.
• TRON processes $691B in USDT transfers, led by whales.

Bank of America is reportedly fast-tracking its own U.S. dollar-backed stablecoin — a sign that legacy finance is no longer content to sit on the sidelines.

At the same time, TRON [TRX] has quietly shattered records, processing over $691 billion in USDT transfers in a single month, with whales responsible for a staggering $411 billion of that flow.

As traditional banks gear up to challenge blockchain-native networks, a new era of competition is taking shape.