WE-LaunchThe CEO of a US Bank stated that due to regulatory uncertainty and limited demand, the stablecoin plan is being postponed.
BlockBeats News, July 17th. According to Decrypt, Bank of America CEO Brian Moynihan reiterated the bank's cautious stance on stablecoins during a Wednesday earnings call, citing the unclear 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 need.
In previous news, Reuters reported that Bank of America CEO Brian Moynihan stated that the bank is preparing to launch a stablecoin, and investors can expect Bank of America to take action in the cryptocurrency field, but Brian Moynihan did not provide a specific timeline.
You may also like
WEEX 2025 Global Offline Events Hub
From the vibrant streets of Hong Kong to the sunlit shores of Lisbon, 2025 marks a defining year for WEEX on the global stage.
WEEX Steals the Show at BlockchainRIO 2025: First LATAM Appearance Unlocks Brazil’s Crypto Potential
In 2025, WEEX lit up Latin America with its debut at BlockchainRIO as Platinum Sponsor. With bold vision and unstoppable momentum, the rising exchange made waves across the region’s crypto scene.
Ripple Rolls Out Cross-Border Blockchain Payments in the UAE
Imagine sending money across borders as effortlessly as texting a friend—quick, cheap, and crystal clear. That’s the promise…
CZ Amplifies Rumors Tying Coinbase to Bloomberg’s Explosive Trump Stablecoin Report
Imagine the crypto world as a high-stakes chess game, where every move by giants like Binance and Coinbase…
Ziglu Crypto Collapse: $2.7M Shortfall Threatens Thousands of Savers in 2025
Imagine pouring your hard-earned savings into a promising crypto platform, only to watch it crumble, leaving you locked…
Gainers
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App