Bank of America Eyes Entry into Stablecoin Market Pending Legislation Approval

Newsroom

Newsroom

Bank of America Considers Stablecoin Launch

Bank of America Plans Stablecoin Launch Amid Regulatory Hopes

Bank of America is readying itself to step into the realm of stablecoins with a potential launch of its own dollar-backed digital currency. This move, however, hinges on the passage of legislation permitting such activities, according to statements made by its CEO.

In a conversation with David Rubenstein at the Economic Club of Washington, D.C., held on Tuesday, CEO Brian Moynihan expressed the bank's intentions. Moynihan clarified, "If they make that legal, we will go into that business."

Read more

`; // Insert the share icons container right after the target element. contentElement.insertAdjacentHTML("afterend", shareIconsHTML); // Add event listener for the "Copy Link" button. var copyLinkButton = document.getElementById("copy-link-button"); if (copyLinkButton) { copyLinkButton.addEventListener("click", function () { navigator.clipboard.writeText(window.location.href) .then(function () { copyLinkButton.title = "Link Copied!"; setTimeout(function () { copyLinkButton.title = "Copy Link"; }, 2000); }) .catch(function (err) { console.error("Error copying link:", err); }); }); } } }); -->