WSJ: Several large banks in the U.S. are exploring joint venture stablecoin projects

ChainCatcher news, according to The Wall Street Journal, large commercial banks such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are discussing a joint issuance of stablecoins to address the growing competition in the cryptocurrency industry. The negotiating parties include Zelle payment system operator Early Warning Services and the real-time payment network Clearing House.