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According to a report by Decrypt on July 19, Rick Wurster, the CEO of Charles Schwab, stated during the earnings call on Friday that Charles Schwab hopes to issue its own stablecoin. Rick Wurster said, "Stablecoins are likely to play a role in blockchain trading, and that's exactly what we hope to provide." The earnings call indicated that the Charles Schwab team is preparing to launch spot trading for Bitcoin and Ethereum ETFs for their clients. The brokerage giant, which manages over $7 trillion in assets, has maintained a cautious approach towards adding crypto assets investment options to its products.