As the cryptocurrency bill progresses, Wall Street sends a counterattack signal for stablecoins

Wallstreetcn
2025.07.17 15:42

Including JPMorgan Chase CEO Jamie Dimon, Bank of America CEO Brian Moynihan, and Citigroup CEO Jane Fraser, the heads of several major banks in the United States view stablecoins as a potential threat to the banking industry's control over payments. Senior bankers are exploring tools such as deposit tokens and bank-issued stablecoins to defend their control over payments. Fraser stated that the bank is actively exploring reserve management for stablecoins and providing custody services for crypto assets. Moynihan warned that the banking industry must address the rise of stablecoins, either by developing their own products or collaborating with emerging payment institutions to prevent customers from turning to new partners. (Bloomberg)

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