Several prominent US banks are in preliminary discussions to launch a joint stablecoin, potentially challenging the established leadership of cryptocurrencies like USDT and USDC. This initiative by JPMorgan […]
JPMorgan and Citigroup Lead U.S. Banks in Joint Dollar-Backed Stablecoin Initiative
Several leading U.S. banks, including JPMorgan Chase, Wells Fargo, Citigroup, and Bank of America, are exploring the creation of a joint stablecoin backed 1:1 by the U.S. dollar. […]
US Banks Team Up to Create Stablecoin Amidst Regulatory Push in Crypto Sector
Major U.S. banks are joining forces to develop a shared stablecoin, aiming to stay ahead of the competition as regulatory hurdles loom over the cryptocurrency landscape. According to […]
US Banks Weathering Recession Uncertainty with Strong Balance Sheets
Facing the potential impact of a recession, US banks are displaying unexpected resilience. Their financial foundations are fortified by tighter credit standards and reduced exposure to risky assets […]
Stablecoin Popularity Driven by US Banking Limitations
Jerald David, president of Arca Labs, highlights the role of US banking limitations in driving the rise of stablecoins. According to David, restrictions on traditional banking hours and […]