Several major U.S. banks have reportedly announced plans to create a U.S. dollar-backed stablecoin.

- @jpmorgan, @BankofAmerica, @Citi & @WellsFargo are in early collaborative talks
- The proposed digital dollar would leverage existing networks like @Zelle
- The plan aligns with the #GENIUS Act, which aims to regulate stablecoins

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#tether #usdc