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Wall Street’s Crypto Play: Major U.S. Banks Eye Joint Stablecoin Launch
Wall Street’s Crypto Play: Major U.S. Banks Eye Joint Stablecoin Launch
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Forget ’too big to fail’—now it’s ’too big to ignore crypto.’ The old guard of finance is finally waking up.
JPMorgan, Bank of America, and friends are reportedly huddling to create a shared stablecoin. Because nothing says ’trust the system’ like banks rushing to co-opt the technology that was meant to bypass them.
Details remain scarce, but insiders whisper this could be the most coordinated Wall Street crypto move yet. Will they finally beat DeFi at its own game? Or just prove why we needed blockchain in the first place?
One thing’s certain: when banks start playing with stablecoins, the regulatory fireworks will be... expensive.
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