WSJ: Several large banks in the United States are exploring joint venture stablecoin projects

BlockBeats News: On May 23rd, according to The Wall Street Journal, large commercial banks such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are discussing a 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.