It is safe to say that the mutation in the adoption of Stablecoin was not passed without anyone noticed by banks. Many of the largest banks in the United States are said to be in early talks to launch a joint Stablecoin, with the aim of challenging the popularity of digital payment solutions.
“The talks have so far participated in the companies owned by JPMorgan Chase, Bank of America, Citigroup, WELLS FARGO and other large commercial banks, according to people familiar with the matter,” confirmed by the Wall Street Journal in A. May 22, 2025 Report.
The project is in its conceptual phase and depends on the advanced organizational frameworks, especially the new Stablecoin legislation. The consortium will include early warning services and clearing house, both of which are pivotal players in the US payment infrastructure.
Wall Street Steplkwin?
It explores Jpmorgan, Bofa, Wells Fargo and Citi common encrypted.
But if banks control the network … how is this not CBDC?
Decentralization on the line.#Stablecoin #Rlusd #Usdt pic.twitter.com/t7ebyjhjbx
– altcoinpro (altcoinpro_)) May 23, 2025
Explore: The most important 12 people for encryption for purchase now
Wall Street Steplkwin in making?
Big banks cooperate to create a common Stablecoin.
Because nothing says, “We understand encryption” like a committee of claims that try to re -invent the wheel.
Stay tuned for the launch of “Bankcoin” – to arrive soon to the bureaucracy near you. pic.twitter.com/djjxdbagsw
(Wesurgenow) May 23, 2025
In recent years, Stablecoins has become a preferred way for low -cost fast transfers, especially in border settings where traditional banking systems can be exhausting.
As encrypted original companies and major technology companies, the Stablecoin market is increasingly concerned with the loss of deposits and the volume of transactions for new digital competitors. Thus, Wall Street Stablecoin can be made!
Moreover, the possibility of Stablecoins as “digital dollars” threatens the basic works of banks, which led them to consider launching their own alternative.
He discovers: The best new encryption currencies for investment in 2025 – the best new encryption currencies
The genius law progresses with 66 votes
The US Senate has developed a genius law, a draft law of the two parties regulating Stablecoins. The legislation issued a procedural vote with 66 in favor of and 32 against, indicating a strong momentum of organizational clarity.
The draft law aims to define clear guidelines for Stablecoin, including asset support 1: 1, compliance with combating money laundering, and consumer protection. It can help reduce regular risks and enhance more prevailing adoption of encryption -based payment systems. However, the draft law has also drawn audit, especially with regard to US President Donald Trump’s increasing relations with encryption. Some critics argue that these relationships may make a possible conflict in interests, especially if policies are formed for the benefit of affiliated projects.
However, for market participants, the genius law is considered largely a step towards legitimacy for digital origins in particular. With Bitcoin approaching the return of its high and institutional interest at all, the organizational structure may help maintain momentum.
Explore: Mimi Trump’s currency pumps in the genius law: before the new sale of purchase
Main meals
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JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks in the common Stablecoin to face the encryption competition.
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The possibility that Stablecoins is as “digital dollars” that threaten the basic works of banks, which led them to consider launching their alternative.
The post -USA -PC giants explore the joint to meet the encryption competition for the first time on 99bitcoins.
