Binance News
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Major Banks Consider Stablecoin Launch Amid Crypto Competition
According to Foresight News, major commercial banks such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are in discussions to jointly issue a stablecoin. This move is aimed at addressing the increasing competition from the cryptocurrency industry. The negotiations involve Early Warning Services, the operator of the Zelle payment system, and the real-time payment network Clearing House.
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