BTCC
/
BTCC Square
/
Global Cryptocurrency
/
Bank of America Awaits Client Demand and Regulatory Clarity Before Stablecoin Launch
Bank of America Awaits Client Demand and Regulatory Clarity Before Stablecoin Launch
14
2
BTCCSquare news:
Bank of America CEO Brian Moynihan confirmed extensive preparations for a proprietary stablecoin, emphasizing regulatory developments and client demand as pivotal factors. "We've done a lot of work," Moynihan stated, signaling imminent movement pending legal frameworks. The bank initially floated the idea in February, aligning with industry expectations for dollar-pegged digital assets.
Client adoption remains a hurdle. Moynihan noted subdued current demand but affirmed partnerships WOULD drive the eventual rollout. The House's recent GENIUS Act progress—supported by 11 of 12 representatives—could accelerate regulatory certainty for stablecoins, though legislative delays persist.
By:
Previous
Bank of America Confirms Stablecoin Development as Major Banks Embrace Crypto
Next
NY Fed’s Williams Advocates Tight Monetary Policy Amid Tariff-Induced Inflation Concerns
