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

The richest chairman of the Federal Reserve in 112 years has arrived: Kevin Warsh is rewriting the rules

Vitalik talks about the future of the Ethereum Foundation: a smaller, more distinctive, yet more enduring ship

Agentic Design Patterns: A book that made me rethink "What exactly is an Agent?"

Key Takeaways: Full Text of Google Chief Scientist Shanahan's Speech

SuperEx's Mars exploration dream: Digital currency is the key to unlocking economic exchanges in the interstellar era

Morning News | Michael Saylor stated that this week he bought bonds instead of Bitcoin; StablR was attacked and lost about 2.8 million dollars; the U.S. Congress is pushing the Bitcoin Reserve Act again

a16z: 7 Images to Understand How Tokenization Changes the Nature of Assets

The secret to Hyperliquid's success dismantled from the five-layer financial stack

After Futu Securities was banned, will buying stocks on-chain be the new remedy?
Why Crypto Traders Are Watching Gold and Nasdaq Again in 2026

Why have foreign exchange stablecoins never taken off?

AIDC, computing power leasing, and cloud: The "three-part thesis" of AI transformation in cryptocurrency mining farms

Futu has had all its illegal gains confiscated, reminding cryptocurrency exchanges

Football, Web3 & Champions' Energy: A Recap of WEEX's LALIGA VIP Meetup in Barcelona
Pizza, Poker & AI Trading: A Recap of WEEX Crypto Pizza Day in Dubai

Morning Report | SpaceX reveals it holds approximately $1.45 billion in Bitcoin; Nvidia's Q1 financial report shows revenue of $81.6 billion; Manus plans to raise $1 billion for buyback business

IOSG Founder: Please tell Vitalik the truth, let the OGs who have enjoyed the industry's dividends enlighten the young people






