| Mobile Web

Search results for Wells Fargo

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.

Crypto

U.S. big banks weigh issuing stablecoins to counter crypto firms

Major U.S. banks are speeding up reviews of digital dollar strategies, including the direct issuance of stablecoins, amid concerns that a fast-growing stablecoin market could deepen crypto firms\' and nonbanks\' encroachment on traditional banking. JPMorgan has explored the possibility but said it has no current plan to issue a stablecoin. More than 12 financial institutions are also considering a joint global stablecoin venture, while a consortium of state bankers\' associations has outlined a bank-owned blockchain platform.

Crypto

Bitcoin\'s 10-year scorecard crushes U.S. large-cap funds

Bitcoin gained about 87-fold over the past decade, while 87 percent of U.S. large-cap active equity funds failed to beat their passive benchmarks, data showed. Morningstar figures through June 30 put the share of active funds that outperformed at 13 percent. Bitcoin rose from $673.34 on June 30, 2016, to $58,558.86 on June 30, 2026, far outpacing SPY’s 10-year annualized total return of 15.35 percent, though Bitcoin investors had to endure sharp drawdowns.