JPMorgan, Bank Of America, And Other Banking Titans Discussing Joint Stablecoin To Tackle Crypto Competition: Report

benzinga.com/trading-ideas/movers/25/05/45579978/banking-giants-like-jpmorgan-bank-of-america-mull-joint-stablecoin-to-counter-crypto-competi

Top U.S. banks are contemplating a joint venture to issue a dollar-pegged stablecoin in an attempt to counter the increasing competition from the cryptocurrency sector, according to a report dated Thursday.
What Happened: Companies co-owned by JPMorgan Chase (NYSE:JPM), Bank of America…

This story appeared on benzinga.com, 2025-05-23 04:12:56.
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