<ul><li>Major U.S. banks like JPMorgan, Citibank, and others are considering entering the stablecoin market with the GENIUS Act's Senate approval.</li><li>The initiative aims to release stablecoins secured by real assets but is awaiting regulatory clarity from Congress.</li><li>This potential partnership would put American banks in competition with established digital asset firms in the stablecoin industry.</li><li>Stablecoins tied to fiat currencies like USD are gaining popularity, with institutions exploring their use for cross-border payments and financial growth.</li></ul>

Major U.S. Banks Join Forces on Stablecoin Initiative—JPMorgan, Citibank, and More Involved

Discover more