Bank of America Says U.S. Lenders Ready Stablecoin Launches

Bank of America said on Thursday that a number of U.S. banks are preparing to issue their own crypto-linked stablecoins, signaling a broader push by traditional lenders into digital assets.

The bank did not name the institutions or give a timetable, but said the groundwork is being laid for regulated dollar-pegged tokens that could facilitate real-time payments and trading on public blockchains. The move would deepen competition with existing private issuers such as Circle’s USDC and PayPal’s PYUSD, and comes as U.S. regulators continue to debate a federal framework for stablecoin oversight.

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