Bank of America CEO Brian Moynihan confirms ongoing preparations for a stablecoin launch, contingent on regulatory clarity and customer demand assessment.
Bank of America CEO Brian Moynihan announced that the bank is working on launching its own stablecoin, emphasizing the need for regulatory clarity and understanding customer demand. The timeline for the rollout remains uncertain, but the bank plans to collaborate with industry partners. Citigroup and Morgan Stanley are also exploring their own stablecoin strategies, reflecting a broader trend among U.S. banks.