Bank of America CEO Brian Moynihan, Wednesday, during the earnings call, reiterated the bank's cautious stance on stablecoins, noting that the regulatory environment remains unclear and customer demand is insufficient. Although the bank has "done a lot of work" researching stablecoins, Moynihan emphasized that adoption will depend on a clear legal framework and actual demand.
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Bank of America CEO Brian Moynihan, Wednesday, during the earnings call, reiterated the bank's cautious stance on stablecoins, noting that the regulatory environment remains unclear and customer demand is insufficient. Although the bank has "done a lot of work" researching stablecoins, Moynihan emphasized that adoption will depend on a clear legal framework and actual demand.