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

When AI Takes Over the 'Shopping Journey,' How Much Time Does PayPal Have Left?

Bloomberg: Aid Turkey Freeze $1 Billion Assets, Tether Remakes Compliance Boundary

Polymarket vs. Kalshi: The Full Meme War Timeline

Consensus Check: What Consensus Was Born at the 2026 First Conference?

Resigned in Less Than a Year of Taking Office, Why Did Yet Another Key Figure at the Ethereum Foundation Depart?

Russian-Ukrainian War Prediction Market Analysis Report

Ethereum Foundation Executive Director Resigns, Coinbase Rating Downgrade: What's the Overseas Crypto Community Talking About Today?

Who's at the CFTC Table? A Rebalancing of American Fintech Discourse
AI Trading vs Human Crypto Traders: $10,000 Live Trading Battle Results in Munich, Germany (WEEX Hackathon 2026)
Discover how AI trading outperformed human traders in WEEX's live Munich showdown. Learn 3 key strategies from the battle and why AI is changing crypto trading.
Elon Musk's X Money vs. Crypto's Synthetic Dollars: Who Wins the Future of Money?
How do Synthetic Dollars work? This guide explains their strategies, benefits over traditional stablecoins like USDT, and risks every crypto trader must know.

The Israeli military is hunting a mole on Polymarket

Q4 $667M Net Loss: Coinbase Earnings Report Foreshadows Challenging 2026 for Crypto Industry?

BlackRock Buying UNI, What's the Catch?

Lost in Hong Kong

Gold Plunges Over 4%, Silver Crashes 11%, Stock Market Plummet Triggers Precious Metals Algorithmic Selling Pressure?

Coinbase and Solana make successive moves, Agent economy to become the next big narrative

Aave DAO Wins, But the Game Is Not Over
