From Investing.com
May 23, 2025 4:11 am:

Major U.S. banks are considering creating a joint stablecoin to rival the growing cryptocurrency market, according to a report by the Wall Street Journal. This move by the banks is seen as a way to stay competitive and adapt to the changing financial landscape. The stablecoin would likely be backed by a basket of traditional currencies to maintain stability.

Read more at Investing.com: Major U.S. banks are exploring a joint stablecoin to compete with the crypto industry- WSJ