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TechFlow, May 23 — According to the Wall Street Journal, major commercial banks including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are discussing a joint stablecoin issuance to respond to growing competition from the crypto industry. The negotiations involve Early Warning Services, operator of the Zelle payment system, and real-time payments network Clearing House.
According to The Wall Street Journal, major commercial banks including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are discussing jointly issuing stablecoins to respond to growing competition from the crypto industry. The negotiations involve Early Warning Services, operator of the Zelle payment system, and real-time payments network Clearing House.
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