JPMorgan and Citi have stated that they will participate in stablecoin-related businesses, exploring deposit currency and custody opportunities.

According to CNBC, JPMorgan Chase CEO Jamie Dimon stated in an earnings call that, despite remaining skeptical about the appeal of stablecoins, JPMorgan will participate in related businesses, including JPMorgan deposit coin and stablecoins, due to concerns about the competitive threat from fintech. Citigroup executives also stated on the same day that they are considering issuing a Citi stablecoin and are paying attention to opportunities such as tokenized deposits and crypto asset custody. [Wu Blockchain]