Major banks are focusing on the stabilization currency. Wall Street Journal

According to the Wall Street Journal, major banks are increasingly accepting the idea of issuing their own stable currency, as fast-growing markets raise concerns that encryption companies and other non-banking enterprises may erode traditional banking practices. Chase Morgan recently assessed the possibility of rolling out its stabilization currency, although discussions are still at an early stage and the development of dynamic products has not yet begun. At the same time, more than a dozen financial institutions, including the United States Bank, the Bank of Rich Countries and Santander, are moving forward with a global currency stabilization project, with an initial focus on the United States dollar, which could be extended to the euro and other G-7 currencies in the future。