Bank of America CEO says stablecoin plans are on hold due to regulatory uncertainty and limited demand
On July 17, Decrypt reported that Bank of America CEO Brian Moynihan reiterated the bank's cautious stance on stablecoins during a Wednesday earnings call, noting the uncertain regulatory environment and insufficient customer demand. While the bank has "done a lot of work" studying stablecoins, Moynihan emphasized that adoption will depend on a clear legal framework and actual demand. [TechFlow TechFlow]
Bank of America CEO says stablecoin plans are on hold due to regulatory uncertainty and limited demand
On July 17, Decrypt reported that Bank of America CEO Brian Moynihan reiterated the bank's cautious stance on stablecoins during a Wednesday earnings call, noting the uncertain regulatory environment and insufficient customer demand. While the bank has "done a lot of work" studying stablecoins, Moynihan emphasized that adoption will depend on a clear legal framework and actual demand. [TechFlow TechFlow]
