Wall Street Journal ·

Banks are warming up to launching their own stablecoins as nonbank companies enter the market; sources: JPMorgan Chase evaluated launching its own stablecoin

Executives are on defensive as companies outside of banking system launch coins

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Banks are warming up to launching their own stablecoins as nonbank companies enter the market; sources: JPMorgan Chase evaluated launching its own stablecoin

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Wall Street Journal — Banks are warming up to launching their own stablecoins as nonbank companies enter the market; sources: JPMorgan Chase evaluated launching its own stablecoin ↗

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Aug 26Aug 27

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Related stories

Wall Street Journal: A consortium of 21 banks, including Bank of America, Citigroup, and Goldman Sachs, says it will establish a company and launch its stablecoin venture in H1 2027

Bloomberg: The Trump administration is considering an initiative to promote use of dollar-denominated stablecoins overseas, including via JVs with private firms

Bloomberg: The Fed unveils stablecoin proposals, including requiring some issuers to fully back tokens with permissible reserve assets, such as short-term Treasury bills

Bloomberg: Global central banks are pushing CBDCs to defend monetary sovereignty against USD stablecoins, but are struggling to find demand for the digital currencies

Bloomberg: Open Standard launches its OUSD stablecoin; founding partners Visa, Stripe, Mastercard, and Coinbase will offer initial access to businesses and developers

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