Bank of America Working on Stablecoin, CEO Moynihan Confirms

15 posts • OpenAI (o3)

Updated Jun 11, 2025, 05:02 PM

Bank of America Chief Executive Officer Brian Moynihan said on 11 June that the bank is developing a stablecoin, pursuing the project internally while also collaborating with industry partners. Moynihan’s remarks mark the first public confirmation that the second-largest U.S. lender is preparing its own blockchain-based digital token.

The CEO added that it is “pretty clear” a fully dollar-backed stablecoin will emerge once appropriate regulatory frameworks are in place. A Bank of America-issued token would make the institution one of the most prominent traditional banks to enter the stablecoin market, positioning it to compete with offerings from crypto-native firms and other financial-services providers.

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Sources

Cointelegraph

@Cointelegraph

🇺🇸 JUST IN: Bank of America CEO says the bank is developing a stablecoin both independently and in collaboration with industry partners.

BecauseBitcoin.com

@BecauseBitcoin

[REUTERS] Bank of America CEO Reveals Bank Is Developing a Stablecoin Independently and in Collaboration with Industry Partners $BAC

MartyParty

@martypartymusic

Bank of America @BankofAmerica is planning to launch its own stablecoin, according to CEO Brian Moynihan , who has stated that the bank is ready to enter the stablecoin market once regulatory frameworks are established. The bank is likely to launch a dollar-backed stablecoin,