Major banks, including JPMorgan, Bank of America, Citigroup, and Wells Fargo, are in early talks to develop a joint stablecoin. PayPal's José Fernandez da Ponte stressed that banks are essential ...

Major U.S. banks are exploring a joint stablecoin initiative to counter rising competition from crypto ... JPMorgan, Bank of America, Citigroup, and Wells Fargo are in early talks about the ...

By May, Bitcoin hit another all-time high above $111,000 and the country’s top banks—JP Morgan, Bank of America, Citi, and Wells Fargo—announced a joint stablecoin initiative, showing a 180 ...