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JPMorgan, BofA, Citi and Wells Fargo plan tokenized deposits as Stripe-Visa rails expand
On June 5, 2026, JPMorgan, Bank of America, Citigroup, and Wells Fargo were reported to be building a shared blockchain network to tokenize corporate deposits, with a targeted launch in the first half of 2027. In parallel, Stripe, Visa, and Mastercard are assembling stablecoin-based payment infrastructure after acquisitions totaling $2.9B, aiming to push cross-border B2B costs below 0.1% per transaction. Coinbase’s USDC revenue arrangement with Circle, described as generating over $900M annually, is set to expire in August 2026 and could influence which system gains traction.