#比特币披萨节 As the U.S. stablecoin "GENIUS Act" enters the debate phase, the Wall Street Journal ( WSJ ) reveals that several of the largest banks in the U.S. are exploring whether to jointly issue a combined stablecoin, aimed at countering the increasingly fierce competition within the Crypto Assets industry. So far, negotiations have involved JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo.

The discussion is still in the early conceptual stage and may change. Any final decision will depend on legislative actions surrounding stablecoins and other factors, such as whether banks believe there is sufficient demand for stablecoins. Banks have been preparing for the possibility that stablecoins could be widely adopted during President Trump's term and siphon off the deposits and transaction volumes they handle, especially if large tech companies or retailers also get involved.
After the regulatory crackdown two years ago, the banking industry is in catch-up mode in the Crypto Assets space. Stablecoins serve as the digital dollar in the Crypto Assets market, currently used for storing cash or purchasing other coins. They should maintain a one-to-one exchange rate with the dollar or other government currencies, and are backed by cash or cash-like assets such as U.S. Treasuries.
Banks believe that stablecoins have the potential to accelerate more conventional transactions, such as cross-border payments that may take days to complete in traditional payment systems. Some insiders indicate that there are still some doubts about the security of stablecoins and the regulatory implications of venturing into digital assets. The possibility of traditional Wall Street giants collaborating to issue stablecoins marks a gradual rapprochement between mainstream finance and crypto finance. Given that stablecoins are seen as an effective means of transferring funds, they have long been considered a reasonable link connecting these two worlds.
Last month, The Wall Street Journal reported that several Crypto Assets companies are planning to apply for banking charters or licenses with regulators, as a bill will establish a regulatory framework for the issuance of stablecoins by banks and non-bank entities, prompting these companies to take action.