Overview
- JPMorgan Chase CEO Jamie Dimon said the bank will develop both its proprietary deposit token and broader stablecoins to master the technology and counter fintech rivals.
- Citigroup CEO Jane Fraser confirmed the bank is exploring a Citi-backed stablecoin alongside tokenized deposits and crypto custody services.
- Bank of America has laid stablecoin groundwork and plans to deploy a solution when client demand and clearer regulations align.
- Morgan Stanley executives said they are actively evaluating stablecoin use cases for their client base but remain in the early research phase.
- Legislation such as the Senate-passed GENIUS Act is stalled in the House and analysts warn that a market exceeding $750 billion could force shifts in U.S. Treasury bill issuance.