The CEO of a US bank stated that regulatory uncertainty and limited demand have led to a postponement of the stablecoin plan.

[Bank of America CEO says unclear regulation and limited demand, stablecoin plans on hold] Bank of America CEO Brian Moynihan reiterated the bank's cautious stance on stablecoins during Wednesday's earnings call, 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.

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