Wall Street’s Next Crypto Play? US Banks Quietly Plan Joint Stablecoin Launch

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Bitcoinist 16h ago

Wall Street’s Next Crypto Play? US Banks Quietly Plan Joint Stablecoin Launch - Bitcoinist

Quick Summary:

Major US financial institutions are reportedly in early talks to make another crypto play by creating a jointly issued stablecoin, according to a recent Wall Street Journal report.

The project could mark a significant shift in how traditional banks approach digital assets, aligning their efforts with growing institutional and regulatory interest in blockchain-based finance.

The legislative momentum appears to be opening doors for traditional financial players, who have so far mostly remained on the sidelines of crypto asset innovation due to unclear or inconsistent regulations.