Wells Fargo CEO Says Bank Is Preparing for Potential Stablecoin Opportunities in the US

HIGHLIGHTS Wells Fargo is preparing for stablecoin opportunities despite unclear US demand, CEO Charlie Scharf said. Twenty-one banks plan a dollar-pegged stablecoin launch in 2027, targeting payments and digital asset settlement. Wells Fargo expands tokenized deposit services as third-quarter profit rises to nearly USD 6 billion. Wells Fargo CEO Charlie Scharf has outlined the bank's preparations for stablecoin opportunities in the United States. The plans include a joint venture with major banks and new blockchain payment services.