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The financial services industry is on the verge of entering the crypto economy, according to Bank of America’s CEO Brian Moynihan. “It's pretty clear there's going to be a stablecoin,” Moynihan said in an interview with David Rubenstein on Tuesday. He added that stablecoins are digital assets like Bitcoin, but backed by the U.S. dollar—making them akin to a money market fund with check access or a bank account.In practice, Moynihan explained, this means we could soon see the bank offer BofA coins linked to a U.S. dollar deposit account. “The question of what it’s useful for is going to be interesting,” he said.Bank of America  invests about $4 billion in new technology every year, Moynihan said. 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