Major banks, including JPMorgan, Bank of America, Citigroup, and Wells Fargo, are in early talks to develop a joint stablecoin. PayPal's José Fernandez da Ponte stressed that banks are essential ...

By May, Bitcoin hit another all-time high above $111,000 and the country’s top banks—JP Morgan, Bank of America, Citi, and Wells Fargo—announced a joint stablecoin initiative, showing a 180 ...