Wells Fargo Earnings Beat Last Year as Bank Plans 2027 Stablecoin Launch

TLDR Wells Fargo plans to issue a stablecoin with 20 other financial institutions in the first half of 2027. CEO Charlie Scharf said stablecoin use cases in the US “remain unclear,” but the bank is preparing. The consortium will start with a US dollar token and may later add the euro and other G7 currencies. [...]

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