At first, banks fought against stablecoins, but now they are preparing to issue their own

Ринки 01.09.2026    18:59

U.S. banks, which until recently warned of the threat stablecoins posed to the deposit system, are now exploring the possibility of issuing digital dollars themselves.

JPMorgan views a stablecoin as a complement to its existing system of tokenized bank deposits, JPM Coin, according to the Wall Street Journal.

At the same time, more than a dozen banks are discussing a shared infrastructure for issuing digital currencies. Bank of America and Wells Fargo are among those named as participants.

The reason is simple: if a portion of payments and corporate settlements shifts to USDT, USDC, and other blockchain-based instruments, traditional banks risk losing a portion of their deposits and fee-based business.

Therefore, they are trying to offer their own alternative.

In fact, three competing models are currently taking shape: private stablecoins such as USDT and USDC, bank-issued stablecoins and tokenized deposits, as well as future central bank digital currencies.

The winner of this competition could capture a significant share of the new market for round-the-clock international payments and settlements involving tokenized assets.

 

 

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