US banks plot joint stablecoin as regulation looms over crypto sector 🏦
JPMorgan Chase, Bank of America, and other leading banks in the United States are reportedly in discussions to launch a shared stablecoin. This move comes as these financial giants seek to maintain a competitive edge amid increasing competition in the crypto sector.
The joint stablecoin initiative is being explored as lawmakers continue to debate regulation in the cryptocurrency landscape. This collaboration between major banks signals their intent to adapt to the evolving market and provide alternative digital currency solutions.
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