🚨 Bank of America Eyes Stablecoin Launch – Big Banks Enter the Crypto Race
Traditional finance is diving deeper into crypto. Bank of America has confirmed plans to launch its own USD-pegged stablecoin, according to CEO Brian Moynihan. The move comes amid growing institutional interest in blockchain-based financial solutions and follows similar exploration by Citigroup and Morgan Stanley.
The stablecoin, still in development, aims to offer faster, low-cost digital payments and strengthen BoA’s position in a rapidly evolving financial ecosystem. With U.S. lawmakers pushing forward regulatory clarity through the GENIUS Act and other legislation, the environment is becoming more stable for institutions to enter the crypto space.
This could mark a major shift in how traditional banks integrate with Web3 and digital assets. As regulation improves and client demand grows, expect more banks to follow.
📊 The stablecoin space isn’t just for crypto-native firms anymore — Wall Street is here.