Bank of America CEO Brian Moynihan confirmed the bank is actively working on launching its own stablecoin, pending supportive regulations. Although there's no set timeline, internal development is underway, and BofA aims to launch once client demand and legislative frameworks align. Partner collaboration is likely to help roll it out smoothly.

This marks a major shift tradFi giants are gearing up to issue their own dollar-backed tokens and compete with crypto-native stablecoins.

Would you trust a “BofA Coin” or are decentralized options still more appealing?