Bank of America CEO Warns $6T in Deposits Could Flow into Stablecoins

BoA executive in a modern office, with a screen showing a stablecoin icon and a blockchain rail.

Bank of America CEO Brian Moynihan warned that up to $6 trillion, or roughly 30% to 35% of commercial bank deposits, could migrate into interest-bearing stablecoins, creating a direct challenge to bank funding and lending capacity. His central message was that yield-bearing stablecoins could become a meaningful competitor to traditional deposits.