The Unified Stablecoin: A Major American Step That Could Reshape the Digital Financial System
A group of the largest American banks, including JPMorgan and Bank of America, has announced a plan to launch a joint stablecoin in collaboration with major payment networks, in a move that could redraw the landscape of the $243 billion stablecoin market. The project is supported by the GENIUS Act and has backing from President Trump. In an initial reaction, Cardano founder Charles Hoskinson deemed this development 'expected.' While the project promises to enhance liquidity and trust, it also raises concerns about the future of decentralization in the world of digital currencies