Key Takeaways Major US banks are collaborating on a stablecoin initiative to compete with the crypto industry. The project highlights the integration of digital assets within traditional banking infrastructure. Share this article Top American banks are evaluating a cooperative stablecoin initiative to compete with digital asset platforms that are rapidly gaining market share, the Wall Street Journal reported Thursday. Now in early exploration, the effort brings together entities co-owned by JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and other leading American banks, sources with knowledge of the matter told…
JPMorgan, Bank of America, Citigroup, and Wells Fargo explore joint stablecoin project
