PANews reported on May 23 that according to Reuters, some regional banks and community banks in the United States are considering whether to set up an independent stablecoin consortium. The Wall Street Journal previously reported that companies jointly owned by JPMorgan Chase, Bank of America, Citigroup, Wells Fargo and other large commercial banks are exploring whether to jointly issue a joint stablecoin. However, for small banks, it is much more difficult to invest in the field of stablecoins than for large financial institutions. The establishment of an independent stablecoin consortium may allow such banks to participate in the use of stablecoins.