Bank of America intends to introduce a USD-pegged crypto stablecoin, as CEO Brian Moynihan revealed. He mentioned that the bank invests approximately $4 billion yearly in technology and anticipates requiring $9 billion annually to sustain its systems. Moynihan highlighted that the stablecoin will be associated with a US dollar deposit account and operate similarly to a money market fund. He stressed that Bank of America would venture into the stablecoin market if legislation is enacted during the Trump administration.