Banks are warming up to launching their own stablecoins as nonbank companies enter the market; sources: JPMorgan Chase evaluated launching its own stablecoin (Wall Street Journal)

JPMorgan Chase is evaluating the launch of its own stablecoin, joining a growing trend of banks entering the digital-currency space. Meta Platforms agreed to pay up to $18 billion to 52 U.S. state attorneys general, imposing daily time limits and algorithmic feed controls for teens on Facebook and Instagram, with payments distributed over ten years to 48 states and four jurisdictions.