Major US Banks Including JP Morgan May Shift From Opposing to Considering Issuing Stablecoins

It has been revealed by a report from The Wall Street Journal on the 26th that major US banks, previously cautious, are now considering the issuance of their own stablecoins. The banking industry has historically opposed the provision of digital tokens known as 'stablecoins', which are pegged to fiat currencies like the US dollar, viewing them as financial products similar to bank deposits offered by cryptocurrency firms. This opposition included extensive lobbying efforts. However, this stance appears to be changing...