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- 🚨 Gate Alpha Ambassador Recruitment is Now Open!
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- 📢 Gate has released its latest Proof of Reserves report!
As of July 11, 2025:
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Committed to transparency and user fund security.
📎 Learn more: https://www.gate.com/proof-of-reserves
- 🎉 [Gate 30 Million Milestone] Share Your Gate Moment & Win Exclusive Gifts!
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The CEO of a US bank stated that regulatory uncertainty and limited demand have led to a postponement of stablecoin plans.
On July 17, Decrypt reported that Bank of America CEO Brian Moynihan reiterated the bank's cautious stance on stablecoins during the quarterly earnings call on Wednesday, pointing out that the regulatory environment is still 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. Earlier reports from Reuters indicated that Bank of America CEO Brian Moynihan stated that the bank is preparing to launch a stablecoin, and investors can expect Bank of America to take action in the Crypto Assets space, but Brian Moynihan did not provide a specific timeline.