Global #Bank of America

Bank of America CEO Brian Moynihan has confirmed the bank's interest in entering the stablecoin market, but only once the U.S. establishes clear regulations.

Bank of America (BofA) is officially preparing its entry into the stablecoin market, marking a significant strategic shift as major U.S. financial institutions increasingly embrace digital assets.

In a pivotal shift for the financial sector, Bank of America and U.S. Bank have announced plans to integrate stablecoins, marking a significant step toward merging traditional banking with digital assets.

JPMorgan Chase and Bank of America have recently revised their forecasts regarding a potential interest rate cut by the Federal Reserve in November. Citing a robust labor market, both banks now expect the Fed to implement a quarter-point reduction, shifting away from earlier predictions that suggested a more substantial cut due to anticipated economic weakening.