ARINCEN

#ARINCEN Arincen - The Wall Street Journal reported that a number of major US banks, including JPMorgan Chase (NYSE:JPM), Bank of America, Citigroup, and Wells Fargo, are considering launching a joint stablecoin, in a move aimed at curbing the rapid expansion of cryptocurrencies in the financial market.

The newspaper reported, citing informed sources, that talks are still in the early stages and are expected to also include payment companies affiliated with those banks, such as Early Warning Services, which operates the Zelle service, and The Clearing House, which specializes in processing instant payments.