The post Banks Unveil ‘BankChain’ Alliance to Rival Stablecoins Amid CLARITY Act Holdup appeared first on Coinpedia Fintech News
39 banking associations in the United States have jointly formed the “BankChain Alliance” to curb their fears of client and capital flight into blockchain-based stablecoins. Banks compete with stablecoins via on-chain banking Initiated by the Texas Banking Association, the consortium represents thousands of community and mid-sized commercial banks looking to develop a 24/7, nationwide, bank-governed …