Blow to $TRUMP memecoin? JPMorgan, BofA, Citi & Wells Fargo eye joint stablecoin to transform U.S. financial system
In a potential game-changing move for the American digital asset ecosystem, major banking heavyweights including JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are reportedly in early discussions to jointly launch a stablecoin aimed at reshaping the U.S. financial system. The proposal, still in its nascent stage, could pose a significant challenge to existing digital assets, most notably the $TRUMP memecoin, which has gained political and speculative traction.