A CEO of America He announced that with the enabled the legal regulations, the financial institution will issue a stablecoin covered in dollars – Finextra. In a speech to Washington Economic Club, Brian Mounehan, President of Bank of America, confirmed that the bank was completely ready to issue its Stablecoin as soon as the legal background allows steps.
The current decision in particular, as Donald Trump, Chairman of the Senate Banking Committee, has committed himself to the genius law to regulate Stablecoins during the first 100 days of the administration. According to Suvenhehan, in the future, there will be stablecoin that will be completely covered with dollars and this may bring a new era of the financial system. file.
“This will be the currency of Bank of America and the US dollar deposit we can move back and forth. This has not been legal for us yet, but it will actually be like another foreign currency.” Explanation of the CEO.
🇺🇸 Bank of America plans to launch Stablecoin in US dollars! 💰🚨
“It is not different from a bank account” and will be fully supported by the dollar, but all this depends on legislators who pass the legislation. pic.twitter.com/fxncpxw9L5
– Blockchain North (Blockchainorth) February 26, 2025
