bankofamerica

Bank of America (BoA) has announced the start of testing stablecoins for daily transactions, which could be a significant step in integrating cryptocurrencies into the traditional banking system. According to CEO Brian Moynihan, the bank views stablecoins as a tool to accelerate transfers and reduce costs, particularly for clients who conduct transactions worth trillions of dollars daily. This initiative is linked to the growth of the stablecoin market, which reached $257 billion in July 2025, surpassing the transaction volumes of Visa and Mastercard in 2024.

The U.S. dollar could continue to fall this summer, warns Bank of America. #BankOfAmerica
Bank of America has warned that the U.S. dollar could experience new declines this summer, following a 9% drop this year. This weakness of the dollar is generally seen as positive for dollar-denominated assets, such as bitcoin and gold.
The dollar index, which measures the value of the dollar against major currencies, has fallen nearly 9% to 99.74 this year, partly due to the tariff war initiated by President Donald Trump, which has led to an outflow of U.S. assets.

On May 7, 2025, the American Office of the Comptroller of the Currency (OCC) issued Interpretive Letter #1184, which clearly confirms that national banks and federal savings institutions may provide cryptocurrency-related services to customers, including their purchase, sale, and custody of digital assets. Banks also have the right to delegate these activities to third parties, provided they implement appropriate risk management and oversight procedures.
Under the aforementioned letter, banks can offer a full range of services: transaction execution, settlements, record-keeping, valuation, and tax reporting related to cryptocurrency assets. These activities are considered a modern form of traditional custodial activity, as previously confirmed in Interpretive Letter #1170.

According to ShibDaily, the CEO of Bank of America (BofA), Brian Moynihan, has announced the bank's willingness to launch its own stablecoin, conditioned on the establishment of a clear regulatory framework for digital assets in the United States. Speaking at the Economic Club of Washington, D.C., Moynihan highlighted that the introduction of a 'Bank of America Coin' is imminent, pending the approval of relevant legislation. He emphasized the likelihood that a fully dollar-backed stablecoin will emerge from ongoing legislative discussions on Capitol Hill. Moynihan stated: "If they make it legal, we will enter that business."

Bank of America, one of the largest and most influential banks in the world, recently drew attention when it announced its 13F report to the U.S. Securities and Exchange Commission (SEC). This report reveals that BoA currently holds over $25 million in Bitcoin ETF. This is a surprising yet very positive move, demonstrating this giant financial institution's confidence in the future of Bitcoin and the cryptocurrency market as a whole.

📅 October 10 | New York
The financial heart of the United States is entering the crypto space. According to The Block, banking giants Bank of America, Goldman Sachs, JPMorgan, and Wells Fargo are working together to develop a stablecoin backed by US dollars, with the goal of modernizing interbank transactions and accelerating the settlement of global payments.

📖 The project—still in the exploratory phase—is reportedly being coordinated by a private banking consortium seeking to establish common standards for a regulated, interoperable stablecoin approved by US regulators. Sources close to the matter revealed that the talks include interoperability testing with the Federal Reserve Bank of New York, suggesting a step toward eventual integration with the official financial infrastructure.
“We want a solution that combines the efficiency of cryptocurrencies with the security of traditional banking,” commented an executive involved in the project, who requested anonymity. If realized, this stablecoin could become the largest attempt to date by the traditional banking system to compete directly with issuers such as Circle (USDC) or Tether (USDT), which dominate the global market with more than $160 billion in circulation.
The report also details that banks are evaluating a shared governance model and strict compliance framework, designed to avoid the regulatory risks that have held back other private projects, such as Diem (Meta's failed stablecoin attempt). Although there is no official launch date, a formal announcement is expected before 2026, which would mark a historic milestone: the definitive convergence of Wall Street and Web3.

Topic Opinion:
The most forceful institutional validation the crypto ecosystem has received to date. If big banks manage to issue an interoperable stablecoin, the line between traditional and decentralized finance would virtually disappear. I think this will accelerate global adoption, but it could also open a debate about the control and privacy of digital money.
💬 Are bank stablecoins the future of finance or a threat to decentralization?

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