JPMorgan, BofA Plan Stablecoin Collaboration

Quick Summary:

Large banks venture into digital currency to remain competitive within the new crypto-financial environment.

In a dramatic change of strategy, top US banking institutions JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, and others are said to be in preliminary talks to issue a jointly created stablecoin.

After enduring a regulatory crackdown on crypto-related services in 2022–23, banks are now pivoting.

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Article Details

Author / Journalist: Harshini Chakka

Category: Crypto

Markets: United Arab EmiratesBrazilUnited States

Topics: JP Morgan Stablecoin Market News Market Updates

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-23 @ 11:33:08 (19 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 388 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 28925969

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 28 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 12 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

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News Language: English

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Website Security: Secure (HTTPS)

Publisher ID: #125

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