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Morning Edition · Wednesday, August 5, 2026Published at 1:31 AM EDT · New York
Wells Fargo Joins JPMorgan and Citi in Putting Corporate Deposits on a Bank-Run Blockchain
The launch starts this autumn with continuous dollar to sterling settlement, and the same banks are building a shared deposit-token network through The Clearing House for 2027.
Wells Fargo will offer tokenized deposits to selected corporate and commercial clients later this year, starting with continuous United States dollar to British pound transactions on the bank's proprietary blockchain and routed through the…
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Race to Bank and Distribute Stablecoin Reserves
Over 3-6 months, established financial and payments firms compete to custody stablecoin reserves and embed stablecoin rails into cross-border settlement, institutionalizing the plumbing beneath stablecoins.
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