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Crypto

BoA, Deutsche Bank, UBS and others form stablecoin alliance of 21 global financial institutions

Twenty-one major global financial institutions have begun work to jointly establish a stablecoin issuer, with a plan to launch a U.S. dollar-based stablecoin in the first half of 2027. Participants include Bank of America, Goldman Sachs, Citi, Deutsche Bank, UBS, Santander, MUFG and Fidelity Investments. The group plans to focus first on a dollar stablecoin and later expand to products based on other G7 currencies, with a euro stablecoin listed next.

Finance

Banks may regain lead in cross-border payments on accounts, regulation and trust

An analysis says banks could regain leadership in cross-border payments, a market long led by fintech, by leveraging account infrastructure and regulatory trust. It cites reforms to the Swift payments scheme and international links between countries’ real-time payment networks as key drivers. The piece says banks’ direct control of accounts and deposits, adoption of ISO 20022 messaging and the growing remittance market may strengthen banks’ position, though smaller lenders face higher system costs.

Crypto

JPMorgan hints at possible in-house stablecoin issuance; customer demand and regulation are variables

JPMorgan has left open the possibility of issuing its own stablecoin in the future. It said it has no current plan to launch one, but could review related options depending on customer demand and changes in the regulatory environment. The bank already operates JPM Coin, a digital deposit token for institutional clients, which it said differs structurally from stablecoins. Interest is growing among U.S. banks in pursuing stablecoin projects, including consortium efforts such as OpenUSD.