Multiple banks are progressing plans for a global stablecoin consortium, according to sources. The initiative would coordinate stablecoin issuance and infrastructure among major financial institutions. No specific banks or timeline were disclosed.
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BANKS MOVING FORWARD WITH GLOBAL STABLECOIN CONSORTIUM
JPMorgan recently evaluated launching its own stablecoin, though no active product is underway, per WSJ. $CRCL
Separately, a group of 12+ financial institutions including Bank of America, Wells Fargo and Santander is moving forward with a global stablecoin venture, initially focused on the dollar, followed by the euro and other G7 currencies.
BIG BANKS INCLUDING BANK OF AMERICA AND WELLS FARGO MOVING FORWARD WITH GLOBAL STABLECOIN CONSORTIUM - WSJ
Banks advance global stablecoin consortium, sources sayneutral 50 · impact 40 · this page
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