JPMorgan Stablecoin Launch Plan Signals Wall Street’s Crypto Pivot
The Cryptonomist
"JPMorgan Chase & Co. is reportedly exploring whether to launch its own stablecoin, according to a report from The Wall Street Journal. If confirmed, JPMorgan’s exploration of a stablecoin would mark one of the most notable moves yet by a global banking giant into the digital-currency space, and it lands at a moment when regulators and rival institutions are moving fast on the same front. So far, there’s no confirmed timeline, no detail on how the token would be backed, and no word on whether regulators have signed off on anything."
