On stablecoins, JP Morgan's Jamie Dimon says, “We're going to be involved in both JPMorgan deposit coin and stablecoins to understand it, to be good at it”
Reuters Zafar Naik / Coinpedia Fintech News : Jane Fraser Confirms Citi Stablecoin Plans As Rules Ease Under Trump Vinod Dsouza / Watcher Guru : Citigroup CEO Confirms Exploring Citi Stablecoin Parth Dubey / Coinspeaker : JPM, Citi Turn to Stablecoins as Trump Pushes Crypto Bills Grace Abidemi / crypto.news : JP Morgan to ‘get involved’ in stablecoins despite CEO skepticism Blockhead : Citigroup Explores Stablecoin Issuance as Major Banks Embrace Digital Assets Danny Park / The Block : Citigroup weighs issuing stablecoin to expand digital payment capabilities: Reuters Aniket Verma / Benzinga : Jane Fraser Says Citigroup Exploring Launch Of Citi Stablecoin — CEO Says Dollar Pegged Cryptos ‘Next Evolution’ Of Payments Jason Nelson / Decrypt : JP Morgan Dives Deeper into Stablecoins Despite Jamie Dimon Doubts Landon Manning / BeInCrypto : Citigroup Enters the Stablecoin Race After JPMorgan Vaidik Trivedi / Bank Automation News : Citi explores issuing its own stablecoin Christopher Tepedino / Cointelegraph : Legacy finance discovers stablecoins as JPMorgan, Citigroup consider market entry David Hollerith / Yahoo Finance : JPMorgan's Dimon and Citigroup's Fraser consider stablecoins in Wall Street crypto pivot Bluesky: Corey Quinn / @quinnypig.com : Nothing says “we understand blockchain” like a 67-year-old bank CEO using the phrase “to be good at it” about cryptocurrency like he's talking about learning to use the office printer. — What a serious company! [embedded post] X: @dynamodefi : NOW: JPMorgan is officially joining the stablecoin arms race. Jamie Dimon said he didn't know why you'd want to use a stablecoin as a payment, but that JPMorgan will get involved in stablecoins to prevent fintech competitors from eroding market share. [image] Zeff / @zeff_pena : Top banks confirmed to be developing a stablecoin JP Morgan Chase $JPM - CEO confirmed progress, ticker will be $JPMD Santander $SAN - Ripple partner network Bank of America $BAC - CEO confirmed in June Citigroup $C - confirmed today Deutsche Bank $DB - confirmed in June @datapinegems : JPMorgan's CEO said that JPMorgan will enter the stablecoin space to understand it and become a professional in it. Interesting character. Back in 2017 he was shouting that crypto was useless, and now he's ready to become a professional. Classic big money move. [image]