Bank of America could soon join the stablecoin industry\u2014provided that a clear regulatory framework is established in the United States. Speaking at the Economic Club of Washington, D.C., CEO Brian Moynihan stated that the bank is open to launching a stablecoin once the necessary legal conditions are met.<\/p>\n\n\n\n
“If it becomes legally permissible, we will participate in that sector,”<\/em> Moynihan said, as reported by Fortune<\/em>.<\/p>\n\n\n\n He also hinted at the possibility of issuing a stablecoin backed by customer deposits, though he did not disclose specific details regarding potential products or timelines.<\/p>\n\n\n\n The prospect of major financial institutions entering the stablecoin market comes at a time when U.S. lawmakers are actively discussing regulatory measures. Several bills have been introduced, including the Lummis-Gillibrand Payment Stablecoin Act, the Clarity for Payment Stablecoins Act of 2024, and the GENIUS Stablecoin Bill<\/strong>.<\/p>\n\n\n\n In February 2025, Rep. Maxine Waters<\/strong>, the ranking member of the House Financial Services Committee, called for bipartisan cooperation on stablecoin regulation. She voiced her preference for a bill introduced in 2024 by former committee chairman Patrick McHenry<\/strong>, suggesting that it offers a more balanced regulatory approach.<\/p>\n\n\n\n Meanwhile, Senator Bill Hagerty<\/strong> has proposed the Clarity for Payment Stablecoins Act of 2024<\/strong>, which builds on McHenry\u2019s bill but includes a key difference\u2014allowing stablecoin issuers with less than $10 billion<\/strong> in market capitalization to be regulated at the state level<\/strong> instead of the federal level.<\/p>\n\n\n\n Federal Reserve Governor Christopher Waller<\/strong> recently weighed in on the future of stablecoins, advocating for financial institutions to be allowed to issue regulated digital assets. Speaking at a conference on February 12<\/strong>, Waller described stablecoins as an opportunity to improve cross-border payments and global trade.<\/p>\n\n\n\n “I see a growing number of private sector players looking for ways to integrate stablecoins into retail payments,”<\/em> Waller noted.<\/p>\n\n\n\n Stablecoins have gained popularity due to their low transaction costs and near-instant settlement times<\/strong>, making them a preferred choice for remittances and international payments<\/strong>\u2014traditionally slow and costly processes.<\/p>\n\n\n\n As regulatory discussions continue, the question remains: will the U.S. establish a clear legal framework that enables banks like Bank of America to enter the stablecoin market? With major financial players expressing interest, the future of digital dollar-backed assets is poised for significant development.<\/p>\n","protected":false},"excerpt":{"rendered":" Bank of America could soon join the stablecoin industry\u2014provided that a clear regulatory framework is established in the United States. […]<\/p>\n","protected":false},"author":1,"featured_media":7283,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[32,35,18],"tags":[774,314],"class_list":["post-7282","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins-vijesti","category-bitcoin-vijesti","category-news","tag-bank","tag-stablecoins"],"_links":{"self":[{"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/posts\/7282","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/comments?post=7282"}],"version-history":[{"count":0,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/posts\/7282\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/media\/7283"}],"wp:attachment":[{"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/media?parent=7282"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/categories?post=7282"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sputnet.com.ng\/dnevnik\/wp-json\/wp\/v2\/tags?post=7282"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Stablecoins Gaining Momentum in the U.S.<\/h3>\n\n\n\n
Federal Reserve: Banks Should Be Allowed to Issue Stablecoins<\/h3>\n\n\n\n