Brian Moynihan, Bank of America CEO, said the bank would issue its own stablecoin if a legal framework is established, as crypto firms like Circle and BitGo seek bank charters to compete with traditional institutions in stablecoin issuance and custody services

Claim

Quotes that support claims

U.S. Bancorp said this month it would relaunch its crypto custody service through a partnership with NYDIG, a bitcoin trading and banking firm
Bank of America Chief Executive Brian Moynihan said his bank would issue its own stablecoin if a legal framework for doing so is established

Related people

Brian Moynihan

Related projects

BitGo
Circle
Bank of America Corporation