• 02 Sep 2026 · 15:32 UTC · body · New information from a source

  • Twenty-one financial institutions — including Bank of America, Citi, Goldman Sachs, UBS and Deutsche Bank, along with 16 other firms — said they will incorporate a company in the second half of 2026 to issue a stablecoin, according to The Defiant.
  • A market launch is targeted for the first half of 2027, per the same report.
  • The venture will start with a US dollar-pegged stablecoin before expanding into other G7 currencies, with a euro-denominated version planned next, according to Cointelegraph.
  • CoinDesk reported that the group spans global banks and asset managers collaborating on the project.
  • The Defiant noted that the joint announcement did not disclose the name of the new company, its ownership structure, or other operational details.
  • The initiative reflects a coordinated push by traditional financial institutions to enter the stablecoin market rather than cede it entirely to crypto-native issuers, joining a field that already includes dollar-pegged tokens from existing players.
  • Twenty-one financial institutions — including Bank of America, Citi, Goldman Sachs, UBS and Deutsche Bank — said they plan to incorporate a company in the second half of 2026 to issue a U.S. dollar-denominated stablecoin, according to The Defiant.
  • A market launch is targeted for the first half of 2027, The Defiant reported.
  • The venture will start with a dollar stablecoin before expanding into other G7 currencies, with a euro-denominated version planned next, according to Cointelegraph.
  • The joint announcement did not disclose the name of the new company, its ownership structure, or further operational details, per The Defiant.
  • CoinDesk confirmed the participation of Citi and Goldman Sachs alongside other global banks and asset managers in the effort.
  • The plan brings together some of the largest names in traditional banking around a single stablecoin project rather than competing issuances, though key structural details remain undisclosed.

• 02 Sep 2026 · 15:32 UTC · summary · New information from a source

  • Twenty-one banks and asset managers, including Citi, Goldman Sachs, BofA, UBS and Deutsche Bank, plan to launch a jointly owned dollar stablecoin.
  • Twenty-one banks and asset managers, including Citi, Goldman Sachs and Bank of America, say they will jointly incorporate a company to issue a dollar stablecoin.

• 02 Sep 2026 · 15:32 UTC · headline · New information from a source

  • 21 Global Banks Including Citi, Goldman Sachs, BofA and Deutsche Bank Team Up on Joint Stablecoin Venture
  • Citi, Goldman Sachs, BofA and 18 Other Institutions Plan Joint Stablecoin Venture

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