JPMorgan, Citigroup Plan Stablecoin Entry Amid Regulation

JPMorgan, Citigroup Plan Stablecoin Entry Amid Regulation

Legacy financial institutions are entering the stablecoin arena, with JPMorgan Chase and Citigroup both revealing plans to launch digital tokens for payments and settlements. The announcements came Tuesday during respective post-earnings conference calls and mark a significant shift in how traditional finance approaches blockchain-based assets. JPMorgan CEO Jamie Dimon confirmed the bank’s intent to participate in the stablecoin ecosyste...

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