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BTCC / BTCC Square / Global Cryptocurrency /
Bank of America Steps Up Stablecoin Issuance Plans

Bank of America Steps Up Stablecoin Issuance Plans

Global Cryptocurrency
Author:
Global Cryptocurrency
Release Time:
2025-04-18 06:03:02
0
The Bank of America (BoA) is attempting to enter the stablecoin market and compete with established industry leaders like Tether and Circle. Stablecoins, pegged to fiat currencies like the US dollar, account for billions in daily transaction volumes. BoA’s CEO, Brian Moynihan, stated on February 26 that the bank would issue a stablecoin as soon as Congress provides a clear legal framework. Since Moynihan’s statement, the bank has been working behind the scenes through industry groups to stake its claim in the market.
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