{"id":50023,"date":"2026-08-28T11:45:44","date_gmt":"2026-08-28T11:45:44","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=50023"},"modified":"2026-08-28T11:45:44","modified_gmt":"2026-08-28T11:45:44","slug":"bank-of-america-wells-fargo-santander-and-other-banks-evaluating-plans-to-issue-their-own-stablecoins-report","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=50023","title":{"rendered":"Bank of America, Wells Fargo, Santander and Other Banks Evaluating Plans To Issue Their Own Stablecoins: Report"},"content":{"rendered":"

\"\"<\/p>\n

Major banks are shifting from opposing stablecoins to advancing their own versions as competition grows in the payments market.<\/p>\n

The change comes after years of resistance, reports The Wall Street Journal<\/a>.<\/p>\n

Banks large and small have started to warm up to the idea of their own stablecoins, despite early doubts from some executives that there will be much demand for them.<\/p>\n

A group of more than a dozen financial institutions including Bank of America, Wells Fargo and Santander is moving forward with plans for a global stablecoin venture that would initially focus on the U.S. dollar.<\/p>\n

JPMorgan Chase recently evaluated whether it could launch its own stablecoin though the discussions remain preliminary and the bank has stated it has no current plans to issue one.<\/p>\n

A JPMorgan spokeswoman addressed the matter.<\/p>\n

\u201cWhile we have no plans to issue a stablecoin, the bank could evaluate its options depending on customer demand and the evolving regulatory environment.\u201d<\/em><\/p>\n

The bank already operates JPM Coin, a tokenized deposit system.<\/p>\n

A consortium of 39 state bankers associations representing roughly 3,000 banks announced plans for a bank-owned blockchain platform.<\/p>\n

The top stablecoins already represent a market worth hundreds of billions of dollars, underscoring the opportunity banks may be reluctant to leave to competitors.<\/p>\n

Follow us on X<\/a>, Facebook<\/a> and Telegram<\/a><\/span><\/em>
\n
\nDon’t Miss a Beat \u2013 Subscribe<\/a> to get email alerts delivered directly to your inbox <\/span><\/em>
\n<\/p>\n

\n
<\/div>\n

&nbsp<\/p>\n

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any assets including cryptocurrencies, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.<\/h6>\n<\/div>\n

Generated Image: Midjourney<\/em><\/span><\/p>\n

The post Bank of America, Wells Fargo, Santander and Other Banks Evaluating Plans To Issue Their Own Stablecoins: Report<\/a> appeared first on The Daily Hodl<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Major banks are shifting from opposing stablecoins to advancing their own versions as competition grows in the payments market. The change comes after years of resistance, reports The Wall Street Journal. Banks large and small have started to warm up to the idea of their own stablecoins, despite early doubts from some executives that there […]<\/p>\n","protected":false},"author":1,"featured_media":50024,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"footnotes":""},"categories":[],"tags":[],"class_list":["post-50023","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nBank of America, Wells Fargo, Santander and Other Banks Evaluating Plans To Issue Their Own Stablecoins: Report - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=50023\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bank of America, Wells Fargo, Santander and Other Banks Evaluating Plans To Issue Their Own Stablecoins: Report - Cryptomag\" \/>\n<meta property=\"og:description\" content=\"Major banks are shifting from opposing stablecoins to advancing their own versions as competition grows in the payments market. The change comes after years of resistance, reports The Wall Street Journal. Banks large and small have started to warm up to the idea of their own stablecoins, despite early doubts from some executives that there […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptomag.finance\/?p=50023\" \/>\n<meta property=\"og:site_name\" content=\"Cryptomag\" \/>\n<meta property=\"article:published_time\" content=\"2026-08-28T11:45:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/01\/Chamath-Palihapitiya-Says-Stablecoins.jpg?resize=1024,600\" \/>\n<meta name=\"author\" content=\"Crypto Magazine\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:site\" content=\"@cryptomagz\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Crypto Magazine\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50023#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50023\"},\"author\":{\"name\":\"Crypto Magazine\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"headline\":\"Bank of America, Wells Fargo, Santander and Other Banks Evaluating Plans To Issue Their Own Stablecoins: Report\",\"datePublished\":\"2026-08-28T11:45:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50023\"},\"wordCount\":358,\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50023#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Chamath-Palihapitiya-Says-Stablecoins-Yj34BT.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50023\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50023\",\"name\":\"Bank of America, Wells Fargo, Santander and Other Banks Evaluating Plans To Issue Their Own Stablecoins: Report - Cryptomag\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50023#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50023#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Chamath-Palihapitiya-Says-Stablecoins-Yj34BT.jpg\",\"datePublished\":\"2026-08-28T11:45:44+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50023#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/cryptomag.finance\\\/?p=50023\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50023#primaryimage\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Chamath-Palihapitiya-Says-Stablecoins-Yj34BT.jpg\",\"contentUrl\":\"https:\\\/\\\/cryptomag.finance\\\/wp-content\\\/uploads\\\/Chamath-Palihapitiya-Says-Stablecoins-Yj34BT.jpg\",\"width\":1024,\"height\":600},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/?p=50023#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/cryptomag.finance\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bank of America, Wells Fargo, Santander and Other Banks Evaluating Plans To Issue Their Own Stablecoins: Report\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#website\",\"url\":\"https:\\\/\\\/cryptomag.finance\\\/\",\"name\":\"Cryptomag\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/cryptomag.finance\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/cryptomag.finance\\\/#\\\/schema\\\/person\\\/f749cd846c4f13ef717c12a20ce9d040\",\"name\":\"Crypto Magazine\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g\",\"caption\":\"Crypto Magazine\"},\"sameAs\":[\"https:\\\/\\\/cryptomag.finance\",\"https:\\\/\\\/x.com\\\/cryptomagz\"],\"url\":\"https:\\\/\\\/cryptomag.finance\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Bank of America, Wells Fargo, Santander and Other Banks Evaluating Plans To Issue Their Own Stablecoins: Report - Cryptomag","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/cryptomag.finance\/?p=50023","og_locale":"en_US","og_type":"article","og_title":"Bank of America, Wells Fargo, Santander and Other Banks Evaluating Plans To Issue Their Own Stablecoins: Report - Cryptomag","og_description":"Major banks are shifting from opposing stablecoins to advancing their own versions as competition grows in the payments market. The change comes after years of resistance, reports The Wall Street Journal. Banks large and small have started to warm up to the idea of their own stablecoins, despite early doubts from some executives that there […]","og_url":"https:\/\/cryptomag.finance\/?p=50023","og_site_name":"Cryptomag","article_published_time":"2026-08-28T11:45:44+00:00","og_image":[{"url":"https:\/\/dailyhodl.com\/wp-content\/uploads\/2025\/01\/Chamath-Palihapitiya-Says-Stablecoins.jpg?resize=1024,600","type":"","width":"","height":""}],"author":"Crypto Magazine","twitter_card":"summary_large_image","twitter_creator":"@cryptomagz","twitter_site":"@cryptomagz","twitter_misc":{"Written by":"Crypto Magazine","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/cryptomag.finance\/?p=50023#article","isPartOf":{"@id":"https:\/\/cryptomag.finance\/?p=50023"},"author":{"name":"Crypto Magazine","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"headline":"Bank of America, Wells Fargo, Santander and Other Banks Evaluating Plans To Issue Their Own Stablecoins: Report","datePublished":"2026-08-28T11:45:44+00:00","mainEntityOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=50023"},"wordCount":358,"image":{"@id":"https:\/\/cryptomag.finance\/?p=50023#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Chamath-Palihapitiya-Says-Stablecoins-Yj34BT.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/cryptomag.finance\/?p=50023","url":"https:\/\/cryptomag.finance\/?p=50023","name":"Bank of America, Wells Fargo, Santander and Other Banks Evaluating Plans To Issue Their Own Stablecoins: Report - Cryptomag","isPartOf":{"@id":"https:\/\/cryptomag.finance\/#website"},"primaryImageOfPage":{"@id":"https:\/\/cryptomag.finance\/?p=50023#primaryimage"},"image":{"@id":"https:\/\/cryptomag.finance\/?p=50023#primaryimage"},"thumbnailUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Chamath-Palihapitiya-Says-Stablecoins-Yj34BT.jpg","datePublished":"2026-08-28T11:45:44+00:00","author":{"@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040"},"breadcrumb":{"@id":"https:\/\/cryptomag.finance\/?p=50023#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/cryptomag.finance\/?p=50023"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/cryptomag.finance\/?p=50023#primaryimage","url":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Chamath-Palihapitiya-Says-Stablecoins-Yj34BT.jpg","contentUrl":"https:\/\/cryptomag.finance\/wp-content\/uploads\/Chamath-Palihapitiya-Says-Stablecoins-Yj34BT.jpg","width":1024,"height":600},{"@type":"BreadcrumbList","@id":"https:\/\/cryptomag.finance\/?p=50023#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/cryptomag.finance\/"},{"@type":"ListItem","position":2,"name":"Bank of America, Wells Fargo, Santander and Other Banks Evaluating Plans To Issue Their Own Stablecoins: Report"}]},{"@type":"WebSite","@id":"https:\/\/cryptomag.finance\/#website","url":"https:\/\/cryptomag.finance\/","name":"Cryptomag","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/cryptomag.finance\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/cryptomag.finance\/#\/schema\/person\/f749cd846c4f13ef717c12a20ce9d040","name":"Crypto Magazine","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2c24e7a3322cdb9140c7dde381c870ae2c527e0dc5af67ed7a7db042bb2e1d14?s=96&d=mm&r=g","caption":"Crypto Magazine"},"sameAs":["https:\/\/cryptomag.finance","https:\/\/x.com\/cryptomagz"],"url":"https:\/\/cryptomag.finance\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/50023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=50023"}],"version-history":[{"count":0,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/posts\/50023\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=\/wp\/v2\/media\/50024"}],"wp:attachment":[{"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=50023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=50023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptomag.finance\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=50023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}