Recently rumours were spreading on social media, that Donald Trump wants to appoint either Jamie Dimon from JPMorgan or Larry Fink from BlackRock for Secretary of Treasury.
These rumours spread like wildfire and were a serious talk in the cryptocurrency community.
Around 20 minutes ago, Trump took to his own social media platform Truth Social and denied these rumours
He stated that he had never discussed or thought of Dimon or Fink for Secretary of Treasury.
Trump even said that it could be the Radical Left spreading these rumours.
Bank of America is actively developing a stablecoin offering, CEO Brian Moynihan revealed during a post-earnings conference call on Wednesday.
PayPal has expanded its stablecoin, PayPal USD (PYUSD), to the Arbitrum network, marking a key step in its strategy to integrate with faster, more cost-efficient blockchain infrastructure.
Citigroup is evaluating the potential launch of its own U.S. dollar-backed stablecoin, signaling a growing shift in sentiment among traditional financial institutions toward digital assets.
JPMorgan Chase CEO Jamie Dimon remains skeptical of stablecoins—but says ignoring them isn’t an option for the world’s most powerful bank.