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Wall Street Journal: Several large banks in the United States discuss joint issuance of stablecoins

PANews
PANews|May 23, 2025 01:03
According to The Wall Street Journal, large commercial banks such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are discussing joint issuance of stablecoins to address the growing competition in the cryptocurrency industry. The negotiating parties include Zelle payment system operator Early Warning Services and real-time payment network Clearing House.
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Timeline

Jun 16, 02:17【Stablecoins will expand the money multiplier】
Jun 06, 16:02【Citigroup adjusts Federal Reserve rate cut expectations to September】
Jun 06, 15:39【Citigroup adjusts Federal Reserve's forecast for Chinese government bond yields】
Jun 06, 09:15【Citigroup Securities says it will enter the cryptocurrency market】
Jun 06, 09:05【Citigroup Securities expresses interest in entering the cryptocurrency market】
Jun 04, 17:09【BTC is first accepted by American banks as collateral for loans】
May 27, 15:34【Global economic growth is expected to slow down to 2.3%】
May 25, 20:00【BlackRock joins the use of Avalanche tracks to mark assets】
May 23, 18:41【JPMorgan Chase and others weigh the joint issuance of stablecoins】
May 23, 13:32【Big banks prepare for stablecoin power game】

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