According to online reports, Bank of America CEO Brian Moynihan said that the bank is preparing to launch stablecoins, and investors can expect Bank of America to take action in the cryptocurrency field, but Brian Moynihan did not provide a specific timetable. Moynihan said,"As the second-largest bank in the United States, Bank of America believes that both the industry and itself will take action. We have done a lot of work and are still trying to figure out the size of stablecoins because the scale of capital flows in some areas is not large. Bank of America is trying to understand customer needs and will launch stablecoins at an appropriate time, possibly working with other institutions. Banks are still waiting for legal clarity, which is why progress is slower than some investors expected." Sharon Yeshaya, chief financial officer of Morgan Stanley, also said today that he is paying close attention to the development of stablecoins."We are reviewing the market and the potential use of stablecoins for customer groups, but it is still too early."