Jamie Dimon Wants a Stablecoin

Wall Street’s banking behemoths (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, etc) are reportedly whispering in backrooms about launching their own stablecoin.

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CoinSnacks
May 23, 2025

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Big Banks Want In On Stablecoins

Wall Street’s banking behemoths (JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, etc) are reportedly whispering in backrooms about launching their own stablecoin, because apparently, they’re tired of crypto eating their lunch. While the plans are still in the back of a napkin phase, with Trump back in the White House, the banks are starting to sweat that stablecoins could drain their precious deposits and transactions. Just the latest sign that mainstream and crypto finance are inching closer together.

ETF Feeding Frenzy

For the first time ever, Blackrock’s iShares Bitcoin Trust ETF $IBIT ( ▼ 1.48% ) ranked #1 among ALL ETFs in flows. The ETF also posted it’s second largest volume day since launching with $877 million.

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