Reported about 20 hours ago
The competition to adopt stablecoins is intensifying on Wall Street, highlighted by Circle's successful IPO, which saw its stock soar after listing. Major U.S. banks, including JPMorgan and Wells Fargo, are strategizing on how to enter the stablecoin market, with discussions about creating a collaborative stablecoin network based on existing payment systems. This comes as regulatory developments around stablecoins are anticipated in Congress, prompting banks to explore partnerships or acquisitions in the crypto space.
Source: YAHOO