FAQs Which banks are involved in the proposed stablecoin initiative? JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are in early talks to create a unified, dollar-backed stablecoin.

JPMorgan, Bank of America, Citigroup, and Wells Fargo are in early talks about the initiative. The discussions also involve Early Warning Services, which operates Zelle, and the Clearing House, a ...