Charles Schwab Considers Launching Its Own Stablecoin

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In brief

Charles Schwab’s CEO revealed potential interest in launching a stablecoin for investors this week.
The stablecoin initiative precedes plans to offer clients trades in spot Bitcoin and Ethereum ETFs.
Several financial services firms, including Schwab, are exploring the creation of their own dollar-backed digital currencies.

Charles Schwab is exploring the possibility of issuing its own stablecoin, its CEO Rick Wurster indicated during earnings call commentary Friday. The announcement places Schwab among traditional finance giants examining the opportunity as stablecoin regulation clears the legislative finish line.

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Charles Schwab Considers Launching Its Own Stablecoin Byline (Omitted in HTML snippet below)In brief

“Stablecoins are likely to play a significant role in transacting on blockchains and that’s something we desire to offer customers,” Wurster said.

The investor stakeholder confirmed statement comes alongside Schwab’s preparations for introducing Bitcoin and Ethereum spot exchange-traded funds to its client base. Managing $7 trillion globally across diverse asset classes, the Texas broker-dealer joins an expanding list of institutions tentatively weighing stablecoin launch considerations despite maintaining previous reservations regarding cryptocurrency integrations.

The Westlake, Texas firm represents the most recent established financial services provider publicly acknowledging its stablecoin considerations. Citigroup floated similar intentions in earnings call remarks this week while JP Morgan CEO Jamie Dimon confirmed developing a stablecoin remains a priority for his institution, even amidst ongoing debates about the asset type’s utility.

Market expectations suggest adoption increases significantly as the US prepares to finalize stablecoin regulatory requirements. President Donald Trump will sign the bi-partisan market structure legislation, the “Genius Act,” into law Friday.

Industry analysts anticipate the stablecoin market could reach approximately $750 billion by 2030, according to Standard Chartered’s digital assets research leader. Current market leadership in the emerging sector resides with cryptocurrency-native organizations, despite evolving subject matter regulations.

Tether maintains dominance within the landscape, recently recording $179.3 billion in 24-hour transaction volume according to CoinMarketCap measurements. Circle Inc., the firm behind USD Coin, posted $28.2 billion during the same period.

The news follows $94.86 closing valuation at Charles Schwab, which increased nearly 2% during electronic trading Friday afternoon.