BNY Mellon: Maintaining "flexibility" in stablecoin initiatives, focusing on infrastructure development
On October 17, it was reported that executives at BNY Mellon stated during a recent earnings call on Thursday that the bank has moved forward several blockchain-related investments to 2025—including investments supporting real-world asset settlement and tokenized payments. Executives attributed this acceleration to a more "positive" regulatory environment and improved market conditions. When asked whether BNY Mellon plans to issue its own stablecoin, CEO Robin Vince did not give a definitive answer, but stated that the bank's strategy focuses on supporting the broader ecosystem rather than launching its own branded token.
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