As major U.S. banks advance their stablecoin plans, regional and community banks are considering forming their own consortium to compete in the digital currency space.
Leading U.S. banks, including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo, continue developing their joint stablecoin initiative. In a parallel development, smaller regional and community banks are now exploring the formation of an independent stablecoin consortium, highlighting the growing interest in digital currency across various tiers of the banking sector.