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Banking giants like JPMorgan and Bank of America are considering a joint issuance of stablecoin.
According to Gate News bot, the Wall Street Journal reported that several major banks in the United States are exploring whether to jointly issue a stablecoin to actively respond to the increasingly fierce competition in the Crypto Assets industry.
Insiders revealed that the companies currently involved in the discussions include JPMorgan Chase (JPM), Bank of America, Citigroup (C), Wells Fargo (WFC), and other companies jointly owned by large commercial banks, including Early Warning Services, the operator of the peer-to-peer payment system Zelle, and The Clearing House, a real-time payment network.