39 US Banking Groups Are Building Their Own Stablecoin Blockchain

A coalition of 39 state bankers’ associations formed BankChain Alliance on Tuesday to build an industry-owned blockchain network for stablecoins, tokenized deposits, and automated settlement. The same group also spent July pressing senators to tighten stablecoin yield rules in the CLARITY Act. BankChain Alliance Targets a 2027 Launch BankChain Alliance describes the project as industry-owned,