The TradFi giants are finally making their move into crypto, with Bank of America's CEO Brian Moynihan dropping news that they're ready to launch their own stablecoin.

They’re just waiting on those pesky regulations to catch up first before officially pulling the trigger.

2025 just got a lot more exciting for TradFi.

Old Money Meets New Money

Moynihan wasn't exactly subtle at the Economic Club of Washington.

"It's pretty clear there's going to be a stablecoin... If they make that legal, we will go into that business," he announced with all the enthusiasm of someone discovering Bitcoin in 2023.

The "Bank of America Coin" would be backed by actual dollars – not all that shocking when you’re talking about, you know, one of the largest banks in the United States.

They're essentially planning a glorified money market fund that you can spend, which is the most banker way possible to describe a stablecoin… but that doesn’t make it a bad idea.

The stablecoin market is already worth north of $230 billion despite zero regulatory clarity in the US, and the GENIUS Act is slowly making its way through the Senate to potentially change that fact.

Depending on what side of the regulatory argument you’re on, the GENIUS Act will either fundamentally stifle innovation for global stablecoin adoption or give the wiggle room needed for big banks to get involved. 

Banking Committee Chairman Tim Scott is promising stablecoin legislation within Trump's first 100 days, but crypto veterans know better than to hold their breath on regulatory timelines – we've been burned more times than we can count, and we’ll believe it when we see it at this point.

Market Shakeup Incoming

Bank of America isn't exactly a small player – we're talking about a bank with $3.26 trillion in assets eyeing up the stablecoin playground where Tether and Circle have been the only kids with flashy new toys.

When a TradFi whale this size jumps in the pool, everyone's getting splashed, and their entry could finally drag stablecoins into mainstream finance.

Your grandma might just start using that fancy new internet money to send you your birthday cash.

This move bridges the gap between your boring checking account and the Wild West of crypto – it’s industry-redefining stuff, and it shows that blockchain is reaching a level of maturity that would have shocked participants even just half a decade ago.

Don't expect this to be smooth sailing, though, as BofA will need to jump through more regulatory hoops than your average meme coin, from KYC requirements to anti-money laundering checks that would make any compliance officer weep.

They'll also need Fort Knox-level security and will no doubt include rollback features should anything go awry.

And maintaining that sweet 1:1 peg is, of course, the real magic trick every stablecoin issuer sweats about at night.

Stablecoin Of America?

A banking dinosaur like Bank of America flirting with crypto signals that the walls between traditional finance and crypto are rapidly crumbling.

We might actually see increased stability in the market as the stablecoin wars heat up, and the old guards of finance want a piece of the action they've been trash-talking for years.

Just watch as other major banks suddenly discover their inner crypto enthusiast once BofA makes its move.