Bank of America takes early steps to explore Stablecoins as a way to modernize his payment systems and to process trillions in customer transactions more efficiently, said the CEO of the creditor, Brian Moynihan, during the bank Second quarter call on July 15.
Moynihan emphasized that the current focus of the company is on the use of stablecoins “as a transactional device”, and notes that their potential is streamlined how money moves through the bank’s infrastructure every day.
He added that the bank has already done considerably basic work and evaluates how scalable the chance can be in different transaction types.
Although the size of the Stablecoin market remains relatively small compared to traditional bank flows, Moynihan indicated that wider acceptance can come as the clarity of the regulations improve.
The bank has assessed the space since the beginning of 2025 and reportedly discussed the potential joint issue of a stablecoin with other large American institutions, including JPMorgan and Citigroup.
Stablecoin Growth surpasses traditional networks
The announcement comes in the midst of a broader shift in legacy financing to stabile-stunned payment rails. In 2024, Stablecoin transaction volumes surpassed the combined totals of Visa and Mastercard.
Since then, the value of Stablecoins has risen to $ 257 billion, almost double the level of early 2023. Tether’s USDT and Circle’s USDC now make up more than 85% of that total.
American legislators have responded to the rapid rise in the sector by insisting on a clearer regulatory framework. The Genius Act, the center of the Digital ActiveBaagenda of the current administration, passed the Senate with two -part support in June.
However, the bill was detained this week in parliament after the legislators had blocked a procedural vote. A floor voice is expected by July 17.
As large institutions are increasingly turning to blockchain -based rails, signals from the Bank of America’s cautious but active approach that the biggest players of Wall Street may prepare to make Stablecoins a cornerstone of future settlement systems.
