JPMorgan and Citigroup Explore Stablecoin Integration as Crypto Adoption Grows
Wall Street giants JPMorgan Chase and Citigroup are cautiously expanding into digital assets, with both banks confirming active exploration of stablecoin technology. JPMorgan CEO Jamie Dimon maintained his characteristic skepticism during the Q2 earnings call, questioning stablecoins' utility over traditional payments, yet committed to developing the bank's JPM Coin and studying the sector.
Citigroup CEO Jane Fraser revealed broader ambitions, including potential token issuance, reserve management services, and crypto custody solutions. This institutional momentum comes as analysts project the stablecoin market could reach $3.7 trillion, with non-custodial wallets like Best Wallet positioned as key infrastructure for the coming wave of adoption.
