Top US Banks Eye Stablecoin Launch in Bid to Dominate Digital Dollar

TL;DR Major US Banks Unite: Leading institutions, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are exploring a joint venture to launch a US dollar-backed stablecoin. Strategic Partnerships: The project may leverage influential partners like The Clearing House and Early Warning Services (behind Zelle). Regulatory & Political Momentum: Aligned with legislative proposals such. source: https://crypto-economy.com/top-us-banks-eye-stablecoin-launch-in-bid-to-dominate-digital-dollar/