21 banks and asset managers form consortium to launch joint stablecoin company
A consortium of 21 banks and asset managers including Citi, Goldman Sachs, Bank of America, Deutsche Bank, UBS, MUFG, Wells Fargo and Fidelity is standing up a joint stablecoin company in H2 2026, targeting a USD-backed token for H1 2027 and a Euro token next. The group aims to move from consortium formation to live cross-border settlement within twelve months.
Detected & updated continuously · Source: Nebula
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@protofire
21 banks and asset managers, Citi, Goldman Sachs, Bank of America, Deutsche Bank, UBS and MUFG among them, are standing up a joint stablecoin company in H2 2026. USD token targeted for H1 2027. Euro token next. Twelve months from consortium to live cross-border settlement. https://t.co/Ipui6X0YiA
@formanite602
21 of the biggest banks in the world are teaming up to launch their own stablecoin. Bank of America, Citi, Goldman Sachs, UBS, Wells Fargo, Fidelity and others are targeting a USD-backed stablecoin by H1 2027. Honestly, this is a pretty big shift. Banks spent years being https://t.co/3zBBcTaytm