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JPMorgan Co-President Doug Petno downplayed institutional demand for stablecoins outside crypto trading, prompting Tether CEO Paolo Ardoino to mock the bank. Petno highlighted regulatory hurdles and …
Canada's banking regulator, OSFI, clarified that tokenized bank deposits are legally equivalent to traditional deposits. The technology-neutral stance enables federally regulated Canadian banks to de…
Major banks, including JPMorgan Chase, Bank of America, and Wells Fargo, are actively exploring bank-issued stablecoins and tokenized deposits. JPMorgan evaluated issuing a stablecoin while continuin…