💣 Wall Street’s Quiet Invasion — U.S. Banks Plan Joint Stablecoin Launch

A financial revolution may be unfolding quietly behind the scenes.

According to the Wall Street Journal, America’s biggest banks — including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo — are in early talks to launch a joint stablecoin.

Why does it matter?

This could mark the first time that traditional finance (TradFi) openly collaborates to issue a shared digital currency — potentially disrupting the stablecoin space currently dominated by crypto-native projects like USDT and USDC.

What we know so far:

• The project is exploratory, with no formal agreement yet

• The Clearing House and Early Warning Services (Zelle’s parent company) are involved

• The stablecoin might be restricted to member banks, but another version could be open to external institutions

The Legal Spark?

The GENIUS Act, recently passed by the Senate, is likely accelerating things.

This bill sets strict standards for U.S. stablecoins:

• Must be 100% backed by USD or liquid assets

• Subject to regular audits

• Rules for cross-border use and transparency

What This Could Mean:

• Wall Street is no longer ignoring crypto — it’s adapting it

• Stablecoins may soon be regulated financial tools, not just DeFi assets

• A bank-backed stablecoin could rival or even integrate with current crypto infrastructure

Fun fact: JPMorgan already uses JPM Coin internally — but this new multi-bank project would be a public-facing, cross-bank effort.

Smaller banks are watching too — some plan to launch their own consortium-backed coin.

The lines between crypto and TradFi are blurring fast.

Get ready.

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