Wells Fargo CEO says bank is building stablecoin tools even as US use cases remain unclear

Charlie Scharf says corporate clients are curious about tokenization but not yet seeing major benefits, even as the bank builds for potential opportunities Wells Fargo CEO Charlie Scharf has a message for anyone expecting a stablecoin revolution in corporate banking: not so fast. Scharf said the use cases for stablecoins in the US remain unclear. He added that the bank is still building solutions for potential opportunities in the space. In an interview on August 4, 2026, Scharf described a gap between interest and impact.