JPMorgan, three US banks challenge stablecoins with shared deposit tokens
JPMorgan Chase, Bank of America, Citigroup and Wells Fargo are developing a shared tokenized deposit network that could bring round-the-clock blockchain payments to the regulated US banking system. Summary Four major US banks are jointly developing an interbank tokenized deposit network. The Clearing House is targeting a launch in the first half of 2027. Multinational…
