Goldman, Citi, UBS Join 21-Firm Push for Dollar Stablecoin by 2027

WorldPing

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.

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Cointelegraph•

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.

Brief by WorldPing · Original reporting by Cointelegraph