Big Banks Explore Venturing Into Crypto World Together With Joint Stablecoin
The biggest banks in the US are in discussions about whether to team up and issue a joint stablecoin. The talks are in early stages and any final decision would depend on how stablecoins will be legislated. Banks have been bracing for the possibility that stablecoins could become widely adopted under President Trump. Stablecoins could speed up more routine transactions, but there is still some skepticism about the security of the technology and the regulatory implications of getting involved with digital assets.