27 place 4

147 Stablecoin Startups Spark Trouble for JPMorgan

The Information
Michael Roddan @ The Information 3 place · 12/26/2025 09:00 EDT

Stablecoin Startups Spark Trouble for JPMorgan

JPMorgan Chase in recent months has frozen accounts used by at least two fast-growing stablecoin startups, highlighting the risk that cryptocurrency transactions pose for banks, which are required to know the people they do business with and the source of their cash.

The stablecoin startups did business in Venezuela and other places that posed legal risks to the bank due to sanctions or other restrictions. One of the stablecoin startups has advertised that customers do not have to submit to identity checks

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