美国大型银行正积极布局稳定币业务，响应《GENIUS Act》法案可能为传统银行发行数字货币铺平道路。摩根大通、花旗、高盛、美国银行和摩根士丹利等金融巨头在第二季度财报电话会议上纷纷表态，或已推出稳定币产品，或正积极研究和规划。此举不仅是应对金融科技挑战，更是抓住潜在的“现金牛”创新机遇。银行高管们对稳定币的看法不一，有的表示谨慎观望，有的则积极探索其在跨境支付、资金转移等领域的应用，预示着数字货币正加速融入主流金融体系。

🏦 **政策驱动与行业响应：** 《GENIUS Act》作为首个监管数字货币的联邦法律，若获总统签署，将为传统银行发行稳定币（与美元挂钩的数字代币）打开大门。这促使包括摩根大通、花旗在内的多家大型银行高管在财报电话会议上公开讨论其稳定币战略，表明主流金融机构正积极拥抱数字货币领域，并向监管机构和投资者释放其参与意愿。

🚀 **银行积极布局与产品探索：** 多家银行已在稳定币领域有所行动。花旗银行CEO Jane Fraser表示，其“Citi Token Services”已在四个市场上线，并积极探索发行花旗稳定币及代币化存款。摩根大通CEO Jamie Dimon也透露，该行已推出名为“JPMD”的存款代币，并计划同时涉足JPMorgan Deposit coin和稳定币，以理解并掌握相关技术。

💡 **战略考量与潜在机遇：** 银行介入稳定币，一方面是为了应对稳定币可能绕过传统银行进行资金转移的挑战，另一方面也是为了抓住数字支付带来的新机遇。高盛CEO David Solomon提到，该行正投入资源研究稳定币的实施方案，并看到了其在融资和简化金融交易方面的潜力。尽管部分银行如美国银行CEO Brian Moynihan持更为谨慎的态度，表示需等待明确的法律指导，但整体趋势显示，银行界正认真对待数字货币带来的变革。

⚖️ **创新与风险并存：** 稳定币的兴起为支付和资金转移提供了新的可能性，尤其是在跨境支付领域，有望实现实时、高效的交易。然而，如摩根大通CEO Jamie Dimon所言，银行内部也在探讨稳定币与传统支付方式的差异和优势。银行需要谨慎权衡创新带来的效率提升与潜在的监管风险、市场接受度以及对现有业务模式的影响，以确保稳健发展。

The GENIUS Act, aimed at regulating digital currency, could allow banks to issue stablecoins.Bank CEOs discussed launching stablecoin products during second-quarter earnings calls this week.Here's what Wall Street leaders like Jamie Dimon and Jane Fraser said about their firms' strategies.

Stablecoin is officially entering the chat. Literally.

A few years ago, cryptocurrency was a left-field niche that much of white-collar Wall Street avoided like the plague. Now, banks are racing to catch up. During second-quarter earnings calls, executives at five of the six largest US banks said they've either launched stablecoin products or have plans to do so.

It's on the mind of investors and leaders alike because Congress just passed the GENIUS Act, the first federal law regulating digital currency. If signed by President Trump, it could open the door for traditional banks to issue stablecoin, which is a dollar-linked digital token that can be used to transfer money and make payments.

The fact that leaders like Jamie Dimon and Jane Fraser are talking about it with analysts signals regulators that big banks are ready to embrace the tech — and reassures investors that CEOs are paying attention to potential cash-cow innovations.

Some might say banks have little choice. Stablecoins enable people to transfer money without a bank or a money transfer — threatening a core bank function. As Dimon said on JPMorgan's earnings call: "I don't know why you'd want a stablecoin as opposed to just payment."

BI compiled remarks on stablecoin from the earnings calls of Goldman Sachs, Morgan Stanley, JPMorgan, Bank of America, and Citi this week, including their respective plans around it. From simply "monitoring" the situation to touting the proprietary stablecoin their firm already launched, the responses varied.

Jamie Dimon, JPMorgan

Dimon signaled JPMorgan wants to be involved, but also expressed slight skepticism. The bank launched last month what they call "JPMD," a type of deposit token.

"So, deposit token is effectively the same thing. You're moving money by token, you can pay interest. It's JPMorgan Deposit," he said.

He quickly added that the bank will do both. "We're going to be involved in both JPMorgan Deposit coin and stablecoins to understand it, to be good at it."

"These guys are very smart," he said, referring to the fintech creators. "They're trying to figure out a way to create bank accounts and get into payment systems and rewards programs. And we have to be cognizant of that. The way to be cognizant is to be involved."

Jane Fraser, Citigroup

Citi's Jane Fraser seemed the most enthusiastic and touted that they're already live with "Citi Token Services" in four markets.She indicated the bank's intention to be a leader in cross-border, real-time payments.

"As a leading global bank in this space, we are laser-focused on innovations, which enable clients to access real-time 24/7 payments, clearing and settlement across borders and across currencies," she said.

"We are looking at the issuance of a Citi stablecoin. But probably most importantly is the tokenized deposit space, where we're very active," she said, adding, "This is a good opportunity for us."

David Solomon, Goldman Sachs

CEO David Solomon said that Goldman has deployed employees to think through how they'll implement stablecoin, but didn't have an answer on what the company's product might look like.

"We've got a very significant group of people at the firm that are really deeply focused on watching the evolution of this," he said, adding that the firm sees opportunities around funding and the easing of financial transactions.

"It's early to say specifically where we're going to invest and exactly how this will play out, but we'll continue to keep you posted," he said, adding that there's "a heightened level of focus here inside the firm."

Brian Moynihan, Bank of America

Brian Moyihan, BofA's CEO, was more cautious in tone. He said the bank is preparing for stablecoin demand but awaiting clear legal guidance before moving further.

"We're still trying to figure out how big or small it is," he said, adding "We're not seeing clients knocking on our door and saying, 'Please give me this right now.'"

He said the bank has "partnerships" with stablecoin firms. "It will be a complex array — and hopefully not complex to the customer, frankly."

Sharon Yeshaya, Morgan Stanley

Morgan Stanley's CFO, Sharon Yeshaya, said the bank is evaluating the stablecoin space and that there is no active deployment or public-facing product yet. Their approach is cautious and observational right now.

"We're actively discussing it. We're looking both at the landscape and the uses and the potential uses for our own client base," the CFO Sharon Yeshay said in the call. "But it really is a little early to tell, especially for the businesses that we run versus businesses that you might see from competitors on how stablecoin would necessarily play in."