Wall Street Bank joined forces to push a monetized deposit network against a stable currency expansion

On 13 July, Bloomberg reported that several large banks in the United States, including Morgan Chase, the United States Bank, Citicorp, the Bank of Rich Countries and HSBC, had announced the formation of a joint network, operated by The Clearing House, to link dollar bank deposits with block chains in response to the rapid expansion of the United States dollar, represented by USDT, USDC, in the area of payments and settlement. The network is scheduled to go online next year, with the goal of interconnecting the intra-bank block-link system, prioritizing the wholesale payment of services and the management of liquidity. Data from Artemis Analytics show that the volume of stable currency transactions in 2025 was about $33 trillion, and Bloomberg intelligence predicts a related payment flow or more than $50 trillion in 2030, a trend that the banking industry believes has created a direct competitive pressure on traditional deposits and payments。