Bank of America Joins the Crypto Race: Stablecoin Launch Imminent

Wall Street''s sleeping giant finally stirs—Bank of America is prepping its own stablecoin, signaling a seismic shift in institutional crypto adoption.

Why now? Because even dinosaurs learn to dance

After years of dismissing digital assets, BofA''s sudden pivot smells like FOMO. The move comes as stablecoins eat traditional payments'' lunch—$150B market cap doesn''t lie.

The real play? Cutting SWIFT out of the equation

Expect this ''regulated'' stablecoin to target cross-border settlements first. Because nothing terrifies banks more than being middlemen in their own extinction.

JPMorgan''s JPM Coin now has company. The irony? Both will probably use more blockchain than their ''blockchain divisions'' ever did.

Banking Giants are Entering the Stablecoin Race

Over the last few months, the crypto industry has received an unprecedented level of interest from the traditional pillars of finance and government.

Since President TRUMP suggested that stablecoins may play a key role in global dollar domination, these assets are growing in particular. Today, Bank of America’s CEO Brian Moynihan confirmed plans to launch a stablecoin:

This isn’t the first time that the firm has teased such plans. In March, Moynihan claimed that Bank of America has “no choice” but to launch a stablecoin. The previous month, he made noncommittal favorable statements but was generally opposed to the assets before this.

Last month, Bank of America also considered launching a stablecoin with other banking giants like JPMorgan, but this hasn’t materialized yet.

This partnership could still bear fruit, or the company could have decided to take on this endeavor alone. Either way, this could have massive repercussions for the entire crypto industry.