{"id":28212,"date":"2025-05-23T04:31:31","date_gmt":"2025-05-23T04:31:31","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=28212"},"modified":"2025-05-23T04:31:31","modified_gmt":"2025-05-23T04:31:31","slug":"jpmorgan-bank-of-america-and-other-banking-titans-discussing-joint-stablecoin-to-tackle-crypto-competition-report","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=28212","title":{"rendered":"JPMorgan, Bank Of America, And Other Banking Titans Discussing Joint Stablecoin To Tackle Crypto Competition: Report"},"content":{"rendered":"<div>\n<p>Top U.S. banks are contemplating a joint venture to issue a dollar-pegged stablecoin in an attempt to counter the increasing competition from the cryptocurrency sector, according to a report dated Thursday.<\/p>\n<p><strong>What Happened<\/strong>: Companies co-owned by\u00a0<strong>JPMorgan Chase<\/strong>\u00a0(NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/JPM#NYSE\">JPM<\/a>),\u00a0<strong>Bank of America<\/strong>\u00a0(NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/BAC#NYSE\">BAC<\/a>),\u00a0<strong>Citigroup<\/strong>\u00a0(NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/C#NYSE\">C<\/a>), and\u00a0<strong>Wells Fargo<\/strong>\u00a0(NYSE:<a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/stock\/WFC#NYSE\">WFC<\/a>) are exploring the possibility of a joint stablecoin, the Wall Street Journal reported, citing sources familiar with the matter. The discussions, still in their infancy, involve <strong>Early Warning Services<\/strong>, the operator of\u00a0mobile payment app <strong>Zelle<\/strong>, and the <strong>Clearing House<\/strong>,\u00a0a real-time payment network.<\/p>\n<p>The decision to proceed with the stablecoin will hinge on several factors, including\u00a0legislative actions around stablecoins and\u00a0the demand for them. The banking industry has been gearing up for the potential widespread adoption of stablecoins, &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/trading-ideas\/movers\/25\/05\/45579978\/banking-giants-like-jpmorgan-bank-of-america-mull-joint-stablecoin-to-counter-crypto-competi\" alt=\"JPMorgan,\" bank of america and other banking titans discussing joint stablecoin to tackle crypto competition: report>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Top U.S. banks are contemplating a joint venture to issue a dollar-pegged stablecoin in an attempt to counter the increasing competition from the cryptocurrency sector, according to a report dated Thursday. What Happened: Companies co-owned by\u00a0JPMorgan Chase\u00a0(NYSE:JPM),\u00a0Bank of America\u00a0(NYSE:BAC),\u00a0Citigroup\u00a0(NYSE:C), and\u00a0Wells Fargo\u00a0(NYSE:WFC) are exploring the possibility of a joint stablecoin, the Wall Street Journal reported, citing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-28212","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28212","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=28212"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/28212\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=28212"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=28212"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=28212"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}