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JPMorgan, BofA, Citi, and Wells Are Building Their Own Stablecoin to Fight Tether.
The Old Men·June 7, 2026
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The biggest U.S. banks just announced a tokenized deposit network for 2027. It’s not a stablecoin. It’s something else entirely.
The Announcement No One Saw Coming
JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are building a shared blockchain payment network. According to a Wall Street Journal report published June 5, the project will launch…
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