Bank of America CEO Brian Moynihan says the bank is ready to launch its own stablecoin once regulations allow it.

Bank of America, one of the largest financial institutions in the US, is planning to launch its own stablecoin.

BofA ready to launch a stablecoin with regulatory clarity, aiming to offer seamless conversion with dollar deposits.

Bank of America CEO Moynihan foresees stablecoins becoming a significant part of banking landscape due to crypto-friendly stance and new technology.

The financial services industry is on the verge of entering the crypto economy, according to Bank of America’s CEO Brian Moynihan. “It's pretty clear there's going to be a stablecoin,” Moynihan said in an interview with David Rubenstein on Tuesday.

The United States Congress said that it would push to pass legislation on stablecoins in the first 100 days of the Trump administration.

Brian Moynihan said this week that a "Bank of America Coin" will launch if the United States passes stablecoin legislation.

Bank of America CEO Brian Moynihan has confirmed that the bank plans to enter the stablecoin market, should US regulations allow it. Speaking at a Washington, D.C. event on Tuesday, Moynihan said that the bank is preparing to launch a USD-backed stablecoin in efforts to align with self-proclaimed ‘crypto president’ Donald Trump’s agendas after he