Leah Fraser

Major U.S. Banks Join Forces on Stablecoin Initiative—JPMorgan, Citibank, and More Involved

The GENIUS Act’s Senate approval signals growing regulatory support, potentially enabling banks to enter the stablecoin market. The initiative aims to launch stablecoins secured by real assets, contingent on regulatory clarity from the GENIUS Act’s progress in Congress. Some top American banks are in favor of forming a partnership to develop and release stablecoins. Sources…

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