Gina Heeb

Bank of America, Citigroup, and Goldman Sachs are among the firms teaming up to launch a stablecoin in the first half of next year.

Gina Heeb covers banks and finance for the Wall Street Journal, and she joins me now.

Gina, could you tell us more about stablecoins, like what they really are and who uses them and for what?

Right now, they're mainly used to trade in and out of cryptocurrencies.

And in that case, it's like you've invested money in this, and it doesn't really go anywhere.

And then whatever plays out with digital asset regulation remains uncertain.

Gina Heeb covers banks and finance for the Wall Street Journal.

Gina, thanks so much.