Wall Street Journal: Several large banks in the United States discuss joint issuance of stablecoins

According to The Wall Street Journal, large commercial banks such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are discussing joint issuance of stablecoins to address the growing competition in the cryptocurrency industry. The negotiating parties include Zelle payment system operator Early Warning Services and real-time payment network Clearing House.