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Wall Street’s Next Crypto Play: US Banks Explore Joint Stablecoin Launch
Wall Street’s Next Crypto Play: US Banks Explore Joint Stablecoin Launch
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Major US financial institutions, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, are in early discussions to launch a jointly issued stablecoin. The initiative, still exploratory, signals a strategic pivot toward blockchain-based finance amid growing institutional and regulatory interest.
The Wall Street Journal reports the project could redefine traditional banks’ engagement with digital assets. While no formal agreements exist, the collaborative model under consideration highlights Wall Street’s cautious yet deliberate embrace of crypto innovation.
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