Bank of America May Issue its Own Stablecoin

Bank of America’s CEO, Brian Moynihan, is considering launching a stablecoin, contingent upon regulatory approval. He discussed this possibility during a recent interview with David Rubenstein.

While approximately 30 banks globally are either issuing or exploring stablecoins, discussions often focus more on tokenized deposits.

The Trump administration’s supportive stance on crypto and stablecoins is shifting perceptions. Notably, Bank of America has been less active in blockchain-related activities compared to its American counterparts.

This might result in fewer complications regarding tokenized deposits and a greater openness to exploring stablecoins.