"It's pretty clear there's going to be a stablecoin," Bank of America CEO Brian Moynihan said in an interview on Tuesday, referring to a type of digital currency designed to mirror the value of ...

Bank of America CEO Brian Moynihan says the bank is ready to launch its own stablecoin once regulations allow it. Bank of America is preparing to launch its own stablecoin once regulations allow ...

so you’ll have a Bank of America coin and a U.S. Dollar deposit and we’ll be able to move them back and forth because now it hasn’t been legal for us to do it but it’s just like another ...

The CEO envisioned a future where Bank of America could offer “BofA coins” linked to U.S. dollar deposit accounts, though he noted that the utility of such offerings remains to be seen.

“It’s pretty clear there’s going to be a stablecoin, which is going to be fully dollar-backed,” Moynihan said, highlighting the potential for a “Bank of America coin” to operate ...

Bank of America will look to launch its own dollar-backed stablecoin if US lawmakers make it legal to do so, says CEO Brian Moynihan. 7 04 March 2025 Be the first to comment Editorial ...

The financial services industry is on the verge of entering the crypto economy, according to Bank of America’s CEO Brian ... soon see the bank offer BofA coins linked to a U.S. dollar deposit ...

“It’s pretty clear there’s going to be a stablecoin, which is going to be fully dollar-backed, [...] so you’ll have a Bank of America coin and a U.S. Dollar deposit and we’ll be able to move them back ...