1. JPMorgan, Citigroup Announces Entry into Stablecoin Market JPMorgan and Citigroup have announced that they will introduce stablecoins in their own way. JPMorgan CEO Jamie Dimon said in an earnings call on Jul. 15 that he will take advantage of stablecoins in the payment sector in the future. Citigroup CEO Jane Fraser also said in an earnings call on the same day that the stablecoins will be used in the deposit tokenization sector. 2. U.S. House Rejects ‘GENIUS bill’ at First Vote The U.S. stablecoin regulati
