In an interview with a French newspaper Goldman Sachs CEO David Solomon said that his company is “absolutely” looking at digital currencies; he said, “Assume that all major financial institutions around the world are looking at the potential of tokenization, stable coins and frictionless payments”; JPMorgan Chase has said it developed its own stable coin, JPM Coin, for clients to use in cross-border payments; Solomon did not comment on Facebook’s Libra initiative but did say that stable coins tied to real currencies are “the direction in which the payment system will go.’’ Source.
