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The CEO of Bank of America revealed that they may offer tokens linked to US dollar deposit accounts, called "BofA coins"

The CEO of Bank of America revealed that they may offer tokens linked to US dollar deposit accounts, called "BofA coins"

Bitget2025/02/26 12:38

Brian Moynihan, Chairman and CEO of Bank of America (BofA), stated that the financial services industry is about to enter a crypto economy. Stablecoins are digital assets like Bitcoin, but being backed by the US dollar makes them similar to money market funds with check access or bank account privileges. Brian Moynihan added that this means we will soon see the bank offering Bank of America tokens (BofA coins) tied to US dollar deposit accounts. (Fortune)

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