The Greater United States is holding early talks on the joint encrypted stablecoin: wsj

According to what was reported, some banking companies in the United States explore a team to launch Crypto Stablecoin.

Discuss the companies owned by JPMorgan, Bank of America, Citigroup and Wells Fargo the possibility of shared version I mentioned On May 22, quoting people familiar with this issue.

Other financial institutions associated with potential stablecoin include early warning services, the parent company of the Zelle digital payment network and the payment network home.

Discussions are still in the early stages, and a final decision on the project may change depending on the organizational environment and demand for stablecoins.

A jpmorgan spokesman told Cointelegraph that the company had no comment. Bank of America, Citigram and Wales Valgo did not immediately respond to the requests for comment.

On May 20, the US Senate voted 66-32 in favor Provide discussion In the law of guidance and the creation of national innovation in favor of Stablecoins (Genius).

The draft law defines a regulatory framework to ensure Stablecoin guarantee and includes compliance with anti -money laundering laws. The draft law is now going to discuss the Senate Hall.

Earlier this week, Crypto Crypto CZAR DAVID SACKS said He expects the bill It will be passed and will receive support from the two parties.

However, high -level Democrats are planning Modify the bill To include a item, President Donald Trump and other US officials prohibit the benefit of Stablecoins.

Trump and his family launched the Liberty Financial platform, which designed Stablecoin Usd1 in March. Critics argue that President Trump He stands for personal benefit The passion of the favorable stablecoin organization.

Related to: World Liberty Financial Financial from Supervision Fears of Congress

High demand high demand

The demand for stablecoins was high, with the adoption of the nation -state and institutions that want to integrate Stablecoins.

The total market value of Stablecoins increased 245 billion dollars From 205 billion dollars at the beginning of the year, an increase of 20 %.

Earlier this week, this was reported Stablecoins It now represents approximately 4.5 % of the entire Stablecoin market, with a circulating supply of $ 11 billion.

Austin Campbell, a professor at New York University and founder of Zero Knowledge Consulting, said the American bank lobby “panic”, like Stablecoins It can be disrupted Banking business model.

Earlier this month, it was reported that the giant Mita of Technology exploration Ways to integrate Stablecoin payments into their platforms.

Magainze: Crypto wanted to topple banks, and now it’s in Stablecoin fighting