# JPMorgan Weighed Its Own Stablecoin as State Banks Build a Shared Blockchain

The bank says it has no plans to issue one, while 39 state banking groups work on a network for digital payment products and Visa tests issuance with South Korea's Shinhan.

- Published: 2026-08-27T05:48:48.749Z
- Canonical: https://polylog.news/crypto/2026-08-27/jpmorgan-weighed-its-own-stablecoin-as-state-banks-build-a-s
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [crypto.news](https://crypto.news/banks-weigh-stablecoins-as-payments-competition-grows-wsj/), [Polylog editors](https://polylog.news), [CoinDesk](https://www.coindesk.com/business/2026/08/26/south-korea-s-shinhan-financial-joins-visa-to-build-stablecoin-infrastructure)

JPMorgan recently evaluated launching its own stablecoin, according to a Wall Street Journal report carried on the wire services. The discussions were preliminary. A bank spokesperson said JPMorgan has no plans to issue a stablecoin and wil…

This story is for subscribers. Read it in full at https://polylog.news/crypto/2026-08-27/jpmorgan-weighed-its-own-stablecoin-as-state-banks-build-a-s (subscription information: https://polylog.news/pricing).