Defi
Banks Unveil ‘BankChain’ Alliance to Rival Stablecoins Amid CLARITY Act Holdup
Coinpedia·August 26, 2026·1 min read
39 U.S. banking associations formed the BankChain Alliance to compete with stablecoins, initiated by the Texas Banking Association. The consortium represents thousands of community and mid-sized banks developing a 24/7, nationwide, bank-governed on-chain banking system to prevent client and capital flight into blockchain-based stablecoins amid the CLARITY Act holdup.
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