Big US banks explore venturing into crypto with joint stablecoin, WSJ reports
ReutersMay 23, 2025 1:25 AM
May 22 (Reuters) - Big U.S. banks are exploring whether to team up to issue a joint stablecoin, The Wall Street Journal reported on Thursday.
The conversations have so far involved companies co-owned by JPMorgan Chase JPM.N, Bank of America BAC.N, Citigroup C.N, Wells Fargo WFC.N and other large commercial banks, the report said, citing people familiar with the matter.
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