币界网报道：Major Wall Street banks, including JPMorgan Chase, Bank of America, and Wells Fargo, are reportedly collaborating on a joint stablecoin project set to launch by mid-2025. The initiative aims to create a regulated, bank-backed digital currency pegged 1:1 to the U.S. dollar, offering faster and cheaper cross-border payments while complying with strict financial regulations. Sources indicate the consortium is working closely with U.S. regulators to ensure the stablecoin meets compliance standards, differentiating it from existing private stablecoins like USDT and USDC. The project could significantly impact the $150 billion stablecoin market by providing an institutional-grade alternative with built-in consumer protections. This move reflects growing institutional interest in blockchain-based payment solutions as traditional finance seeks to modernize infrastructure and compete with crypto-native offerings.