Bank of America, Citi and Goldman Sachs Join 21-Firm Group to Launch USD Stablecoin

Rickler Feed (@rickler_feed), Sep 1, 2026, 15:57 UTC

Bank of America, Citi and 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 the second half of 2026 to support the issuance of stablecoins. The group plans to launch a USD-denominated stablecoin in the first half of 2027, with additional G7 currencies to follow and the euro as a priority. The stablecoin is intended for wholesale, institutional and retail use cases including cross-border pay…

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