Why JPMorgan Is Blocking Stablecoin Startups From U.S. Banking Access

JPMorgan Chase & Co. has frozen bank accounts of stablecoin startups Blindpay and Kontigo due to business activities in high-risk regions and gaps in customer identity checks. This action underscores the tension between traditional banks and crypto firms, despite the growing use of stablecoins. JPMorgan's decision was based on risk controls, not opposition to stablecoins.