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News Explorer — Major U.S. Banks Are Considering a Joint Stablecoin Venture to Compete With Crypto Industry Leaders

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May 23, 5:32 am
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Major U.S. Banks Are Considering a Joint Stablecoin Venture to Compete With Crypto Industry Leaders

Discussions are ongoing among major U.S. banks like JPMorgan Chase and Bank of America to potentially create a joint stablecoin venture. The banks are considering this move in response to the growing dominance of stablecoins in digital payments and pending stablecoin legislation.

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