Banks: Centralizing the Decentralized - Issue #538 Thursday, May 29th 2025 12:00AM
The Focus
After years of skepticism and missed opportunities, Wall Street’s biggest banks may be preparing their most strategic response yet to the rise of crypto: launching a joint stablecoin.
The idea is still early—but the implications aren’t. If JPMorgan, Citi, BofA, and others enter the market together, they won’t just be embracing fintech logic—they’ll be rewriting the rules of who controls digital money movement.
As Washington inches closer to stablecoin regulation, this is more than a payments play. It’s a bid to reclaim relevance, define the rails, and remind challengers that the incumbents still know how to close ranks when it counts.
Read the full story: Big Banks Consider Joint Stablecoin to Counter Growing Crypto Competition
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