JPMorgan, Citi, BofA, and Wells Fargo unveil a shared blockchain for 24/7 settlement, aiming to cut out stablecoins and CBDCs from institutional payments.
JPMorgan CEO objects to stablecoin interest provision, arguing it gives crypto firms unfair edge over bank deposits. Analysis of regulatory clash.
ECB board member Isabel Schnabel warns $300B stablecoin market reinforces US dollar dominance, calls for digital euro and robust regulation.
Bank of England proposes near 24/7 settlement to support tokenization and digital assets, signaling a major shift in monetary infrastructure.