<ul><li>Several of the United States’ largest banks, including JPMorgan Chase, Bank of America, Wells Fargo, and Citigroup, are planning to launch a jointly operated stablecoin led by Wall Street's traditional finance institutions.</li><li>The banks aim to develop a stablecoin infrastructure that complies with regulations and is fully backed by fiat currency held at the banks, offering a secure and scalable solution for peer-to-peer payments and B2B settlements under regulatory scrutiny.</li><li>The involvement of major banks in stablecoin ventures may potentially expand the usability of stablecoins beyond crypto trading, with a focus on payments and commerce.</li><li>The banks face challenges in coordinating their technologies and risk appetites for stablecoin development and adoption, as the regulatory landscape in the U.S. plays a critical role in their decision-making process.</li></ul>

Why America’s Biggest Banks Want to Reinvent the Stablecoin

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