ChainCatcher reports, according to The Wall Street Journal, major commercial banks such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are discussing jointly issuing a stablecoin to address the growing competition in the crypto industry. Negotiating parties include Zelle payment system operator Early Warning Services and real-time payment network Clearing House.
WSJ: Several large U.S. banks are exploring joint venture stablecoin projects
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