BNY Mellon: Maintaining "flexibility" in stablecoin initiatives, focusing on infrastructure development
On October 17, it was reported that executives at BNY Mellon stated during a recent earnings call on Thursday that the bank has moved forward several blockchain-related investments to 2025—including investments supporting real-world asset settlement and tokenized payments. Executives attributed this acceleration to a more "positive" regulatory environment and improved market conditions. When asked whether BNY Mellon plans to issue its own stablecoin, CEO Robin Vince did not give a definitive answer, but stated that the bank's strategy focuses on supporting the broader ecosystem rather than launching its own branded token.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Spot gold falls below $4,200
OpenMind, a robotics track project, launches on FABRIC Network and Badge Collection
Analysis: Bitcoin Chips Approaching "Extreme Pullback Zone," Traders Preparing to "Swing"
Analysis: Market risk appetite is at a historic high, making the path upward more volatile
