Discussions involve companies co-owned by JPMorgan and others, as lenders brace for the possibility that stablecoins could siphon away deposits and transactions.

Some of the biggest U.S. banks are exploring whether to team up to issue a joint stablecoin, The Wall Street Journal reported on Thursday.

Wall Street’s biggest players are making moves that could change stablecoins for good. According to a report from The Wall Street Journal, JPMorgan, Bank of