Just stumbled across some wild news about the US and stablecoins. Apparently, big banks like JPMorgan, Bank of America, and Citigroup are planning to launch their own shared stablecoin — basically a digital dollar that doesn’t jump around like Bitcoin. Saw it mentioned in something like The Wall Street Journal, and folks on X are buzzing about it.

The deal is, these banks want their own crypto to make transfers and payments faster and cheaper. Like, sending money abroad or paying for stuff without crazy fees. They’re planning to tie it into their systems, like Zelle, so it’s all under their rules and control. They say the stablecoin market is already huge — $245 billion — and banks don’t want players like Tether or Circle taking all the cash.