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US and EU Banks Accelerate Stablecoin Plans Amid Regulatory Progress

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Summary
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EU 's MiCA regulation sets Dec 30, 2024 , for stablecoin oversight, boosting bank entry.

JPMorgan Chase has already started testing payment systems that are based on blockchain.

European banks have started to implement their own stablecoins to capture their share of a market that is said to earn billions of dollars in profit every year .

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