JPMorgan Chase CEO Jamie Dimon expressed skepticism about the appeal of stablecoins but acknowledged the necessity for his bank to engage with the technology. Despite being a critic of cryptocurrencies like bitcoin, Dimon highlighted the importance of exploring stablecoins to remain competitive against fintech companies. Other major banks, such as Citigroup and Bank of America, are also considering their own versions of stablecoins as they seek to enhance payment systems.