【Are the giants coming to seize territory? JPMorgan, Bank of America, and Wells Fargo join forces to enter the stablecoin battlefield!】
The crypto market is still in turmoil, but traditional banks are quietly shifting gears and accelerating.
A war over "stablecoin hegemony" has already begun.
Latest news: JPMorgan, Wells Fargo, Bank of America, Citigroup, and other giants are brewing plans to jointly launch a bank version of stablecoin.
Led by the two major clearing institutions, EWS + TCH, this is not just a trial run — it is a declaration of war!
Their goals are clear:
Regain financial dominance
Hold the digital dollar in their own hands
Exclude "crypto-native players" like Circle, Paxos, and Coinbase
Let’s not forget, JPMorgan's JPM Coin and Wells Fargo's Digital Cash have long been in testing.
This is not mere talk, but a concrete "on-chain banking experiment."
However, behind this, there are both joys and concerns:
Positive aspects:
It indicates that the crypto trend is unstoppable, even traditional banks dare not ignore it
It helps promote compliance and popularization of the digital dollar, enhancing mainstream awareness
It may bridge the gap between on-chain payments and the real economy
Concerns:
The strong entry of giants may undermine the spirit of decentralization
Their stablecoin will be "auditable and freezeable," further distancing you from your freedom
Once the rules tilt, it may suppress native stablecoins and limit the space for innovation
My view is:
The future of stablecoins is not just about "who issues it bigger,"
but rather "who can stay true to the decentralized spirit while meeting real needs."
We welcome compliance and are not afraid of challenges,
but let’s not forget that the birth of Bitcoin was due to distrust in traditional finance.
Today’s banks may just have swapped their outer garment for blockchain.
The giants are coming, don’t be afraid!
This precisely indicates that you are on the right track.
A few years ago they were saying, "crypto is a scam,"
today they are rushing to go on-chain and issue coins!
The trend has arrived, the opportunity has risen,
will you continue to observe, or become the next ambusher?
