Major US Banks Explore Joint Stablecoin Issuance Amid Crypto Competition

US banks are considering a joint venture to launch a stablecoin, aiming to compete with the growing influence of cryptocurrency. While no official confirmations exist, discussions between institutions like JPMorgan Chase and Bank of America, along with third-party payment networks, suggest this strategy. These talks involve organizations like Zelle operator Early Warning Services and Clearing House. However, these early stage deliberations remain unofficial until official announcements are made. ]