The nation’s biggest banks are exploring whether to team up to issue a joint stablecoin, a step intended to fend off escalating competition from the cryptocurrency industry. The conversations have so far involved companies co-owned by JPMorgan Chase,

Some of the biggest U.S. banks are exploring whether to team up to issue a joint stablecoin, The Wall Street Journal reported on Thursday.

Wall Street’s biggest players are making moves that could change stablecoins for good. According to a report from The Wall Street Journal, JPMorgan, Bank of