Report: Major US Banks Contemplating Joint Stablecoin Initiative
America’s largest banks—including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo—are reportedly in early talks about launching a joint stablecoin to challenge the crypto sector, according to the Wall Street Journal on May 22, citing sources familiar with the matter. The discussions involve bank-owned payment networks such as Early Warning Services (operator of Zelle) […]
