American's biggest banks plan to introduce a shared tokenized network next year to tackle the potential threat of stablecoins eating into their deposits. Major U.S. banks, including JPMorgan, Citi and Bank of America, plan to establish a shared tokenized deposit network by mid-2027, operated by the Clearing House, according to the Wall Street Journal. The banks plan to convert traditional bank deposits into blockchain-based tokens that can move quickly around the clock, while keeping funds…
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