Reuters: Some U.S. regional and community banks are considering setting up independent stablecoin consortiums

Odaily Planet Daily News Some regional and community banks in the United States are considering whether to set up an independent stablecoin consortium. The Wall Street Journal previously reported that companies jointly owned by JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks are exploring whether to jointly issue a joint stablecoin. However, for small banks, it is much more difficult to invest in the field of stablecoins than large financial institutions. The establishment of an independent stablecoin consortium may allow such banks to participate in the use of stablecoins. (Reuters)