The bosses of JPMorgan and Citigroup said Tuesday they intend to get involved in stablecoins, the latest evidence of how Wall ...

Citigroup plans to launch a stablecoin and explore tokenized deposits, while JPMorgan cautiously enters the market to remain competitive.

JPMorgan Chase CEO Jamie Dimon said during the company's earnings call Tuesday that the bank plans to get more involved with stablecoins.

A number of other Wall Street hotshots stayed away, too — sending non-executive underlings in their place, according to sources familiar with the matter.

On Tuesday, the CEOs of JPMorgan Chase and Citigroup indicated that their banks may get involved in stablecoins, a signal of rising interest among TradFi for the burgeoning crypto technology.

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