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Big US banks explore venturing into crypto with joint stablecoin, WSJ reports

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Big US banks explore venturing into crypto with joint stablecoin, WSJ reports

May 26, 2025 1:04 PM

May 22 (Reuters) - Big U.S. banks are exploring whether

to team up to issue a joint stablecoin, The Wall Street Journal

reported on Thursday.

The conversations have so far involved companies co-owned by

JPMorgan Chase ( JPM ), Bank of America ( BAC ), Citigroup ( C/PN )

, Wells Fargo ( WFC ) and other large commercial banks, the

report said, citing people familiar with the matter.

(Reporting by Pretish M J in Bengaluru)

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