Goldman Sachs, Bank of America and Citi Among 21 Firms Planning U.S. Dollar Stablecoin Launch in 2027

A group of 21 major financial institutions, including Goldman Sachs, Bank of America, Citi and Deutsche Bank, plans to establish a new company to issue a U.S. dollar-denominated stablecoin in the first half of 2027. According to the announcement from the institutions on September 1, they intend to form a