JPMorgan, Bank of America, Citi and Wells Fargo Weighing Joint Stablecoin Launch: Wall Street Journal Report

Top US banks are considering teaming up on a stablecoin, according to a Wall Street Journal report. JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Early Warning Services (operator of Zelle) and the Clearing House, among other commercial banks, are reportedly in talks to develop a stablecoin to compete with the cryptocurrency industry. source: https://dailyhodl.com/2025/05/23/jpmorgan-bank-of-america-citi-and-wells-fargo-weighing-joint-stablecoin-launch-wall-street-journal-report/