CEO of Bank of America Says It'll Launch a Stablecoin as Soon as It's Legal

Quick Summary:

"It's pretty clear there's going to be a stablecoin,” Bank of America CEO Brian Moynihan said in an interview on Tuesday, referring to a type of digital currency that's said to follow the value of the US dollar.

Now, the CEO of the second largest bank in the US wants to get into crypto, there's just one tiny wrinkle — it's not quite legal yet.

With the self-declared "crypto president" in office, the crypto market is surging, and it's not just .

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Article Details

Author / Journalist: Joe Wilkins

Category: Technology

Markets: United States

Topics: Stablecoins Banking Crypto Future Society

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-01 @ 17:00:48 (1 days ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 649 words

Reading Time: 4 minutes read

Sentences: 26 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Futurism

News ID: 26551089

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About Futurism

Main Topics: Technology

Official Website: futurism.com

Update Frequency: 10 posts per day

Year Established: 1997

Headquarters: United States

News Last Updated: 10 hours ago

Coverage Areas: United States

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Publisher ID: #68

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