21 major financial institutions are forming a new company to launch a U.S. dollar stablecoin in the first half of 2027.

Sept 1 : A group of 21 financial institutions including Goldman Sachs, Bank of America, Citi and Deutsche Bank plan to create a company this year to issue a cryptocurrency pegged…

Citi, Deutsche Bank and UBS are among financial firms backing a new stablecoin company with a USD-pegged token launch planned for 2027.