POPA ReconBank of America, Citi & Goldman Sachs Join 21-Firm Group to Launch USD Stablecoin
Bank of America, Citi & Goldman Sachs Join 21-Firm Group to Launch USD Stablecoin Twenty-one major financial institutions including Bank of America, Citi, Goldman Sachs, Deutsche Bank, UBS, Fidelity Investments, Wells Fargo and MUFG have committed to establish a new company in H2 2026 to support stablecoin issuance. The group plans to launch a USD-denominated stablecoin in H1 2027, with additional G7 currencies to follow and the euro as a priority. The stablecoin will target wholesale, institutional and retail use cases, including cross-border payments and digital asset settlement. The initi…
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