Goldman Sachs, Citi and 19 Financial Firms Back $270M Stablecoin Venture

A group of 21 global financial institutions has committed approximately $270 million to Project Faro, a joint stablecoin venture planning to launch a US dollar-backed digital currency in the first half of 2027. Goldman Sachs, Citigroup, Banco Santander and Deutsche Bank join the institutions backing the project, according to a