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BTCC / BTCC Square / Global Cryptocurrency /
Bank of America Prepares Stablecoin Entry Amid Regulatory Uncertainty

Bank of America Prepares Stablecoin Entry Amid Regulatory Uncertainty

Author:
Global Cryptocurrency
Published:
2025-07-16 16:20:02
17
2
BTCCSquare news:

Bank of America CEO Brian Moynihan confirmed the institution's stablecoin ambitions during its Q2 investor call, signaling Wall Street's deepening embrace of digital assets. "We've done a lot of work," Moynihan stated, though he emphasized deployment WOULD hinge on clearer client demand and regulatory progress.

The announcement comes as the GENIUS Act—a key stablecoin regulation bill—faces legislative gridlock. Meanwhile, rivals like JPMorgan and Citi are advancing their own dollar-pegged tokens, creating a competitive race among traditional finance giants to capture the stablecoin market.

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