Major Banks Collaborate on U.S. Dollar Stablecoin Launch by 2027
A coalition of 21 major financial institutions, including Goldman Sachs, Citigroup, and Bank of America, is set to launch a U.S. dollar stablecoin in the first half of 2027. The initiative aims to facilitate payments and digital asset settlements, with plans to expand to a euro-denominated stablecoin thereafter.
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Goldman Sachs, BofA Among 21 Banks Planning Joint Dollar Stablecoin Launch
The bank-led consortium wants a U.S. dollar token live by the first half of 2027, with a euro version queued up next.
Goldman, Citi, UBS Join 21-Firm Push for Dollar Stablecoin by 2027
21 major financial institutions are forming a new company to launch a U.S. dollar stablecoin in the first half of 2027. The group plans to expand into other G7 currencies, with a euro-denominated token among its priorities. Global Banks Double Stablecoin Coalition to 21 Ahead of 2027 Launch Some of the world’s largest banks and […]
BofA, Citi, Goldman Sachs among 21 institutions planning stablecoin launch
The planned venture will initially focus on a US dollar stablecoin before expanding to other G7 currencies, with a euro-denominated offering next.
Citi, Goldman, other global banks and asset managers team up on stablecoin venture
The group will focus first on a U.S. dollar stablecoin for payments and digital asset settlement, with a euro token a priority for expansion.