Bank of America CEO, Brian Moynihan, has stated in an interview that the bank may start issuing stablecoins to its account holders if US legislators approve stablecoins as legal and reliable assets. Moynihan believes that stablecoins are similar to digital assets such as Bitcoin and could function like a money market fund or bank account. If legalized, Bank of America would offer BofA coins linked to customers' US dollar deposit accounts. Moynihan estimates that running a stablecoin system would cost around $8 to $9 billion per year, but the impact would be significant. Bank of America is known for its technological advancements, having introduced a mobile banking app for iPhones ahead of peers.



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