Bank of America CEO Seeks U.S. Regulatory Approval to Launch Stablecoin Offering

Brian Moynihan, CEO of Bank of America, revealed a plan for the financial institution to potentially launch stablecoins in the near future. According to Moynihan, legal approval from US legislators is the only condition that must be met for BoA to commence this venture. He expressed confidence that US lawmakers will ultimately embrace stablecoins as a legitimate and reliable asset class, comparing them to Bitcoin’s nature. 💰 If enacted, stablecoins would become accessible through Bank of America’s account holders, mirroring features similar to money market funds or bank accounts.