Major U.S. Banks Team Up to Develop Joint Stablecoin

America’s largest financial institutions are taking a decisive step toward integrating digital currencies into their operations. JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo have initiated discussions on forming a joint stablecoin, signaling a shift towards the intersection of traditional banking and cryptocurrency innovation. The consortium, representing over $9 trillion in assets and serving hundreds of millions of customers, is poised to significantly reshape financial transactions across the US.