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Bank of America CEO: Bank of America may launch a Stable Coin pegged to the US dollar account
ChainCatcher message, according to Fortune, CEO of Bank of America, Brian Moynihan, said that the financial services industry is about to enter the encryption economy, and stablecoin business will come soon. Moynihan said in an interview with David Rubenstein on Tuesday that stablecoins are digital assets similar to Bitcoin, but backed by the US dollar, equivalent to money market funds or bank accounts with check access. Moynihan said this means Bank of America may soon offer BofA tokens tied to dollar deposit accounts. Under a government that supports cryptocurrency, lawmakers are seeking to legislate stablecoins.