JPMorgan Chase, Bank of America, Wells Fargo, and Santander Bank are advancing the formation of a global stablecoin alliance

According to The Wall Street Journal, JPMorgan Chase, Bank of America, Wells Fargo, and Santander Bank are pushing to form a global stablecoin alliance. JPMorgan Chase recently evaluated launching its own stablecoin, and the plan is in the consideration and promotion stage. The specific issuance time or product arrangement has not been disclosed yet.