reuters.com

Goldman Sachs Joins Banks Planning Joint Dollar Stablecoin in 2027

Goldman Sachs logoGoldman Sachs
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Bank of America logoBank of America
Sig2.33Sen+1.18Env0.00Soc0.00Gov+0.75

A group of 21 financial institutions plans to issue a dollar-pegged stablecoin in 2027, competing with a separate consortium of 37 firms tied to Qivalis, which plans a euro-pegged token later this year. Other crypto issuers include World Liberty Financial. Limited bank stablecoin demand is evident, with Societe Generale’s dollar-backed token showing about $12.5 million in circulation.

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