Update
Wells Fargo Joins Stablecoin Initiative and Receives Preliminary Approval
Wells Fargo launched tokenized deposits for corporate and commercial clients in September. The bank also joined 20 other financial institutions planning a stablecoin company targeting a first-half 2027 launch. On its October earnings call, CEO stated that US stablecoin use cases remain unclear. In October, Agora received preliminary conditional approval from the OCC to establish a national trust bank. The panel discussion on enterprise adoption of stablecoins will take place on November 13.