JPMorgan, BofA, and Wells Fargo Plan Stablecoin Launch Amid Crypto Disruption

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JPMorgan, BofA, and Wells Fargo Plan Stablecoin Launch Amid Crypto Disruption - Coinpedia

Quick Summary:

JPMorgan has already launched its digital dollar, JPM Coin, to move money within its system.

Some, like BitGo, are reportedly preparing to apply for bank charters while managing reserves for stablecoins like USD1, tied to a venture from the Trump family.

This initiative signals a significant shift in banking strategy, no longer ignoring the digital asset trend but actively building infrastructure to compete with it.