JPMorgan, Bank of America and Citi are going on the blockchain offensive with a shared tokenized network

American's biggest banks plan to introduce a shared tokenized network next year to tackle the potential threat of stablecoins eating into their deposits.

America's biggest banks, including JPMorgan, Citi and Bank of America, plan to build a shared, tokenized deposit network by the first half of 2027 to protect their deposits from the threat posed by stablecoins, the Wall Street Journal reported.

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