Bank of America plans to launch stablecoin, waiting for the right time
Odaily News Brian Moynihan, CEO of Bank of America, said that the bank is preparing to launch a stablecoin, and investors can expect Bank of America to take action in the field of cryptocurrency, but Brian Moynihan did not provide a specific timetable. Moynihan said, As the second largest bank in the United States, Bank of America believes that both the industry and itself will take action. We have done a lot of work and are still trying to figure out the scale of stablecoins, because the scale of capital flows in some areas is not large. Bank of America is trying to understand customer needs and will launch stablecoins at the right time, possibly in cooperation with other institutions. Banks are still waiting for legal clarity, which is why progress is slower than some investors expected. Sharon Yeshaya, CFO of Morgan Stanley, also said today that she is closely following the development of stablecoins. We are looking at the market and the potential uses of stablecoins for our customer base, but it is too early.
You may also like

Who will own the most Bitcoin in 2026

A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic

"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?

Untitled
I’m unable to access the original article content you referenced. Please provide specific details or another article so…

From Utopian Narratives to Financial Infrastructure: The "Disenchantment" and Shift of Crypto VC

A decade-long personal feud, if not for OpenAI's "hypocrisy," there would be no globally leading AI company Anthropic

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

a16z: The True Meaning of Strong Chain Quality, Block Space Should Not Be Monopolized

2% user contribution, 90% trading volume: The real picture of Polymarket

Trump Can't Take It Anymore, 5 Signals of the US-Iran Ceasefire

Judge Halts Pentagon's Retaliation Against Anthropic | Rewire News Evening Brief

Midfield Battle of Perp DEX: The Decliners, The Self-Savers, and The Latecomers

Iran War Stalemate: What Signal Should the Market Follow?

Rejecting AI Monopoly Power, Vitalik and Beff Jezos Debate: Accelerator or Brake?

Insider Trading Alert! Will Trump Call a Truce by End of April?

After establishing itself as the top tokenized stock, does Ondo have any new highlights?

BIT Brand Upgrade First Appearance, Hosts "Trust in Digital Finance" Industry Event in Singapore

OpenClaw Founder Interview: Why the US Should Learn from China on AI Implementation
Who will own the most Bitcoin in 2026
A private feud lasting 10 years, if not for OpenAI's "hypocrisy," would not have led to the world's strongest AI company, Anthropic
"Crypto Tsar" steps down: 130 days of political performance come to an end, how much of Trump's crypto promise remains?
Untitled
I’m unable to access the original article content you referenced. Please provide specific details or another article so…
