Goldman Sachs, BofA Among 21 Banks Planning Joint Dollar Stablecoin Launch

Bullish-18.50%
2 Sep, 20:01
Source: Decrypt

AI Summary

A consortium of 21 major U.S. banks including Goldman Sachs and Bank of America plans to launch a dollar stablecoin by H1 2027, signaling significant institutional adoption of digital assets.

The bank-led consortium wants a U.S. dollar token live by the first half of 2027, with a euro version queued up next.