PANews reported on July 19 that according to Decrypt, Charles Schwab CEO Rick Wurster stated during Friday's earnings call that the company hopes to issue its own stablecoin. Rick Wurster said: "Stablecoins are likely to play a role in blockchain transactions, which is exactly what we want to provide." The earnings call revealed that the Charles Schwab team is preparing to launch spot Bitcoin and Ethereum ETF trading for clients. This brokerage giant, which manages over $7 trillion in assets, has been cautious about adding cryptocurrency investment options to its products.
Charles Schwab Intends to Launch Stablecoin
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