Bank of America CEO Brian Moynihan joined the stablecoin conversation during the company’s earnings call yesterday, following similar discussions by Citi and JP Morgan executives on Tuesday. Like Jamie Dimon, Moynihan expressed skepticism while acknowledging the potential threat to traditional banking.
Moynihan noted that the business case is “still to be proven” but identified several use cases, including small cross border payments, programming money movement using smart contracts, digitally native applications, and in-app payments.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
