Cryptocurrency Daily Thefoxposts.com

Major US banks are secretly working together on a crypto stablecoin project that could reshape the entire digital payments landscape. Right now, JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo are exploring whether to team up and issue a joint stablecoin, marking a dramatic shift from their previously cautious stance toward cryptocurrency markets. Discussions on merging have been held in private via the Zelle system by Early Warning Services and The Clearing House’s real-time payment network. Work toward the agreement is still exploratory and its content may shift as time passes. Also Read: US Stocks, Bonds Sink as Debt Fears Caused by Trump Persist How US Banks Address Crypto Stablecoin Risks and Market Volatility Source: Linkedin / JP Morgan Regulatory Framework Creates New Opportunities It isn’t by chance that this banking project comes now and it links straight to recent changes in banking regulations. The GENIUS Act is moving forward in Congress, as the Senate has just...

The Eastern European country of Belarus is reportedly set to roll out a central bank digital currency (CBDC) by next year. Citing a statement by the National Bank’s chairman of the board, Roman Golovchenko, the state-run news agency Belta reports that the digital form of the Belarusian ruble will be in full circulation by the second half of 2026. Golovchenko says that by that time, business entities will be able to use CBDC – the digital form of the nation’s official currency that is issued and backed by the central bank. The plan is to make the digital rubble available to both state bodies and individuals by 2027. He says the central bank is tasked to identify the requirements for adopting the digital ruble, create the needed software and develop a regulatory framework. “The digital ruble is in the sphere of our priorities. We are actively working on its creation…We are facing the issue of the safety of funds. It will be very important to be able to track how d...