🏦 Major U.S. Banks Plan Joint Stablecoin Project

Top financial institutions — including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo — are reportedly exploring the launch of a unified stablecoin to compete in the evolving digital asset space.

📌 Goals of the initiative:

✅ Strengthen traditional banks’ presence in the digital economy

✅ Offer a transparent, regulated alternative to USDT and USDC

✅ Reduce reliance on private crypto companies

💬 What to expect:

The stablecoin is likely to be USD-backed and designed for cross-border payments and institutional settlements.

This isn’t a war against crypto — it’s a step toward Web3 integration within the traditional financial system.

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