🎭Largest Banks Explore Venturing Into Crypto World Together With Joint Stablecoin..
🎭The discussions involve payments companies co-owned by JPMorgan Chase, other large banks
🎭The nation’s biggest banks are exploring whether to team up to issue a joint stablecoin, a step intended to fend off escalating competition from the cryptocurrency industry.
🎭The conversations have so far involved companies co-owned by JPMorgan Chase JPM 0.02%increase; green up pointing triangle, Bank of America BAC -0.25%decrease; red down pointing triangle, Citigroup C -0.45%decrease; red down pointing triangle, Wells Fargo WFC -0.76%decrease; red down pointing triangle and other large commercial banks, according to people familiar with the matter.
