TL;DR

• Major banks like JPMorgan, Citigroup, and Bank of America are publicly exploring or planning stablecoin initiatives.
• COTI's DJED is now going open-source and gaining multi-chain, privacy-focused expansion.
• Supportive regulation and explosive stablecoin market growth ($163B to $270B in a year) are fueling institutional entry.
• Stablecoins are emerging as foundational infrastructure for cross-border payments, DeFi, and enterprise finance.

Wall Street's Quiet Stablecoin Revolution

This earnings season, some of the titans of finance made their most forward-looking moves not in interest rates, but in blockchain.

JPMorgan's CEO Jamie Dimon told shareholders the bank "plans to be involved in stablecoins"-not just experimenting, but actively positioning for the future of digital money.
Citigroup's Jane Fraser followed suit, noting that Citi is "considering issuing a Citi stablecoin," marking a clear interest in digital issuance.

Meanwhile, Bank of America's Brian Moynihan confirmed stablecoins are under serious study as a way to modernize banking's payment systems. This is real-world banking responding to a clear demand curve.

From Niche to Infrastructure: Stablecoins Are Evolving

Once a niche for crypto traders to fund exchange accounts quickly, stablecoins now stand as one of crypto's most compelling and credible use cases. Their real promise? Payment rails that move value at scale, seamlessly, securely.

The numbers tell the story: the stablecoin market has nearly doubled in a year, expanding from $163 billion in July 2024 to roughly $271 billion today.

That's just the beginning. Analysts see stablecoins as capable of handling trillions of dollars in client assets every day, especially as institutions push toward digital payment innovation.

COTI's DJED Joins the Parade - With a Privacy Twist

Stablecoin growth is one thing. Privacy-enabled, multi-chain stablecoins are another. COTI has taken a bold step ahead with DJED, Cardano's well-regarded algorithmic stablecoin. After proving its peg for over 2.5 years, DJED is now going open source-allowing developers to build new frontends, integrate into wallets, and run secure backend services.

But COTI didn't stop there. They introduced Private DJED, built using garbled circuits for speedy, scalable, and permissioned privacy. This stablecoin can be transacted confidentially on:

• COTI's own blockchain
• Native Cardano using COTI's privacy layer
• The privacy-first sidechain Midnight, which bridges to Solana, XRP, Avalanche and others without sacrificing confidentiality

Private DJED turns a stablecoin from a payment vehicle into a privacy-first financial primitive, ready for enterprise DeFi, supply chain finance, real-world asset systems, and cross-chain workflows.

Regulatory Signals and Institutional Tailwinds

One reason Wall Street is paying attention: regulation is beginning to align with technology. Lawmakers are actively advancing crypto policy-such as the GENIUS bill under discussion on Capitol Hill. That legal clarity, paired with growing adoption and innovation, is encouraging banks to prepare rather than wait.

And they're watching platforms like COTI carefully. A DGX-style open and privacy-enabled stablecoin ticks the right boxes for security, compliance, and scalability.

Why This Moment Matters

The convergence of four trends is reshaping finance:

1. Institutional acceptance - Banks are shifting from "watching" to "building."
2. Market growth - Stablecoin adoption is booming; trillions in potential daily volume are not far off.
3. Tech evolution - Privacy features and multi-chain support make digital assets adaptable like never before.
4. Regulatory clarity - Emerging frameworks are easing institutional entry, not preventing it.

Together, they suggest stablecoins are not just useful-they are foundational.

Bonus Insight: Privacy as a Strategic Differentiator

For a moment, consider the competitive edge privacy brings in traditional finance:

• Institutions avoid tipping their hand in DeFi
• Enterprises support internal token workflows without leaking sensitive data
• Cross-border remittance can happen without exposing counterparty histories

COTI's Private DJED is uniquely positioned to serve as the privacy layer that connects the upside of stablecoins with the demands of real-world finance.

Final Thought

The era when stablecoins were a fringe tool is over. Now, they are poised to become core infrastructure, bridging crypto's speed and composability with the needs of global finance.

Wall Street's growing interest, paired with tech like DJED's new open-source and privacy-forward design, points toward a future where stablecoins are fundamentally-secure, compliant, and private. That future is arriving faster than many expected.