From Investing.com

May 23, 2025 01:34 AM:

Top US banks are reportedly exploring the creation of a joint stablecoin to compete with the rise of cryptocurrencies. This move is seen as a response to the growing popularity of digital currencies like Bitcoin and Ethereum. The potential collaboration among major banks aims to offer a more stable and regulated alternative to existing cryptocurrencies.

Read more at Investing.com: Top US banks consider joint stablecoin to counter cryptocurrency competition – WSJ