JPMorgan, Bank of America, Citi, and Wells Fargo are teaming up to create a regulated stablecoin. This move aims to modernize digital payments by making them faster, safer, and more reliable. By working together, these big banks want to offer a trusted alternative to crypto-native stablecoins and reshape how money moves digitally. This collaboration signals a new phase where traditional finance meets digital innovation for everyday transactions.
Source: https://coinpedia.org/crypto-live-news/wall-street-giants-join-forces-to-launch-regulated-stablecoin/