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US Banking Giants Explore Joint Stablecoin Project - Crypto Head

Published 11 hours ago1 minute read

— The Wall Street Journal (@WSJ) May 23, 2025

These discussions remain and are on and .

This comes as the U.S. Senate advances the , a bill aimed at creating a for stablecoins. 

On , the Senate to move the bill forward. 

It targets and .

While the bill enjoys expected , some want to add provisions that would and other public officials from from stablecoin projects. 

Trump’s family recently launched , issuing a stablecoin called in .

Meanwhile, . The total has risen this year, from $205 billion to $245 billion

Yield-bearing stablecoins now make up 4.5% of the market, with a circulating supply of $11 billion

The banks’ interest signals a potential mainstream shift—pending regulatory clarity.

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