Bank of America CEO Cites Regulatory Uncertainty and Limited Demand, Pauses Stablecoin Plans

According to a report by Jinse Finance, Bank of America CEO Brian Moynihan reiterated the bank’s cautious stance on stablecoins during Wednesday’s earnings call, noting that the regulatory environment remains unclear and there is insufficient customer demand. While the bank has “done a lot of work” researching stablecoins, Moynihan emphasized that adoption will depend on a clear legal framework and actual demand.