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.
BoA plans to use stablecoins pegged to the US dollar for international settlements and domestic payments, but is waiting for clarity in regulation, particularly the passage of the GENIUS Act. Experts suggest that the bank may collaborate with JPMorgan and Citigroup to create a consortium. While demand among clients remains low, the bank is assessing the scale and potential partnerships.
This step signals a gradual adaptation of major financial institutions to blockchain technologies. If the testing is successful, stablecoins may become the new standard in banking operations.
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