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The CEO of Charles Schwab revealed plans to issue a stablecoin and will launch Bitcoin and Ethereum ETFs.
On July 19, Rick Wurster, CEO of Charles Schwab, stated during the financial report conference call on Friday that Charles Schwab hopes to issue its own stablecoin. Rick Wurster said: "Stablecoins could play a role in Blockchain trading, which is exactly what we want to provide." According to the conference call, the Charles Schwab team is preparing to launch Bitcoin and Ethereum ETF spot trading for clients. This brokerage giant, which manages over $7 trillion in assets, has been cautious about adding Crypto Assets investment options to its products.