Reported about 17 hours ago
CEO Jamie Dimon of JPMorgan and CEO Jane Fraser of Citigroup announced their intention to engage with stablecoins, signifying Wall Street's increasing interest in digital assets amid ongoing legislative discussions. Fraser expressed enthusiasm about banks entering the digital asset market, while Dimon underscored the necessity for JPMorgan to adapt to the evolving payment landscape, hinting at new initiatives including a deposit token. As Congress considers stablecoin regulations, major banks are poised for potential entry into the stablecoin market, which could significantly disrupt traditional payment systems.
Source: YAHOO