WSJ: Several Major U.S. Banks Exploring Joint Venture for a Stablecoin Project

BlockBeats News, May 23rd, according to The Wall Street Journal, major commercial banks such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are discussing the joint issuance of a stablecoin to respond to the growing competition in the cryptocurrency industry. The negotiating parties include Zelle payment system operator Early Warning Services and real-time payment network Clearing House.