<ul><li>Major U.S. banks are exploring the creation of a consortium-backed stablecoin, in discussions involving institutions like J.P. Morgan Chase, Bank of America, Citigroup, and Wells Fargo.</li><li>The talks are at an early stage and hinge on legislative developments surrounding digital assets, particularly the GENIUS Act.</li><li>Stablecoins are seen as a promising tool for streamlining cross-border transactions and payments settlements, with banks looking to defend against potential competition from tech giants and retailers.</li><li>R3 and Solana Foundation partnering to bring regulated real-world assets onto a public blockchain, aiming to meet the demand for tokenized real-world assets in the capital markets.</li></ul>

Big Banks Explore Interoperable Stablecoin

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