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Wall Street Signals Stablecoin Fightback as Crypto Bills Advance

Wall Street Signals Stablecoin Fightback as Crypto Bills Advance

Bloomberg17-07-2025
In a rare public embrace of the once-shunned world of crypto, the heads of America's largest banks made one thing clear this week: stablecoins are no longer at the fringe of finance.
On earnings calls, JPMorgan 's Jamie Dimon, Bank of America 's Brian Moynihan and Citigroup 's Jane Fraser each described the upstart 'digital dollar' as a potential threat to the banking industry's grip on payments — and signaled they're preparing to respond.
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