JP Morgan Eyes Public Stablecoin Amid Banking Blockchain Push
JPMorgan Chase is exploring the launch of its own public stablecoin. This is a surprising turn of events for the bank, which has previously expressed skepticism about Bitcoin and other cryptocurrencies.
The news comes as part of the BankChain Alliance's efforts to promote blockchain adoption in the banking industry. The alliance, comprising 39 state banking associations, aims to launch its own blockchain network by 2027.