Bank of America Prepares Stablecoin Launch With Regulatory Approval

Bank of America is poised to enter the stablecoin market, as CEO Brian Moynihan confirmed their readiness for a launch contingent upon U.S. regulatory approval. While some banks engage in institutional crypto trading, most avoid retail transactions. Bank of America’s potential entry into stablecoins aligns with their digital strategy and would offer customers a secure and regulated digital asset for transactions.