The planned venture will initially focus on a US dollar stablecoin before expanding to other G7 currencies, with a euro-denominated offering next. A group of 21 major financial institutions plans to establish a new company to develop and issue stablecoins, offering another sign of traditional finance's push into digital dollars as regulatory frameworks take shape.
The planned venture will initially focus on a US dollar stablecoin before expanding to other G7 currencies, with a euro-denominated offering next.
A group of 21 major financial institutions plans to establish a new company to develop and issue stablecoins, offering another sign of traditional finance's push into digital dollars as regulatory...
The consortium, announced Tuesday, includes Bank of America, Goldman Sachs, Citi, Deutsche Bank, UBS, Santander, MUFG and Fidelity Investments.
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The planned venture will initially focus on a US dollar stablecoin before expanding to other G7 currencies, with a euro-denominated offering next. A group of 21 major financial institutions plans to establish a new company to develop and issue stablecoins, offering another sign of traditional finance's push into digital dollars as regulatory frameworks take shape. The consortium, announced Tuesday, includes Bank of America, Goldman Sachs, Citi, Deutsche Bank, UBS, Santander, MUFG and Fidelity Investments.
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