Bank of America Plans to Launch Stablecoin, Morgan Stanley, Citi and JPMorgan Chase Simultaneously Advance Related Businesses

Bank of America CEO Brian Moynihan stated that they are advancing stablecoin-related work and will launch it when the opportunity arises in the future. They may cooperate with other institutions, but there is no clear timetable yet, and customer demand is still not high. Morgan Stanley CFO stated that they are closely monitoring the development of stablecoins and are still in the evaluation stage. Previously, Citi and JPMorgan Chase also stated that they would participate in stablecoin-related businesses. [Reuters]