{"id":651672,"date":"2026-09-01T16:52:43","date_gmt":"2026-09-01T16:52:43","guid":{"rendered":"https:\/\/e-bitco.in\/index.php\/2026\/09\/01\/bofa-citi-goldman-sachs-among-21-institutions-planning-stablecoin-launch\/"},"modified":"2026-09-01T16:52:43","modified_gmt":"2026-09-01T16:52:43","slug":"bofa-citi-goldman-sachs-among-21-institutions-planning-stablecoin-launch","status":"publish","type":"post","link":"https:\/\/e-bitco.in\/index.php\/2026\/09\/01\/bofa-citi-goldman-sachs-among-21-institutions-planning-stablecoin-launch\/","title":{"rendered":"BofA, Citi, Goldman Sachs among 21 institutions planning stablecoin launch"},"content":{"rendered":"

\"BofA,<\/p>\n

The planned venture will initially focus on a US dollar stablecoin before expanding to other G7 currencies, with a euro-denominated offering next.<\/p>\n

A group of 21 major financial institutions plans to establish a new company to develop and issue stablecoins, offering another sign of traditional finance\u2019s push into digital dollars as regulatory frameworks take shape.<\/p>\n

The consortium, announced Tuesday, includes Bank of America, Goldman Sachs, Citi, Deutsche Bank, UBS, Santander, MUFG and Fidelity Investments. It plans to launch a US dollar-denominated stablecoin in the first half of 2027, subject to the company\u2019s formation and other conditions.<\/p>\n

According to the announcement, the group ultimately plans to expand into stablecoins denominated in other G7 currencies, with a euro offering identified as its next priority.<\/p>\n

Read more<\/a><\/p>","protected":false},"excerpt":{"rendered":"

The planned venture will initially focus on a US dollar stablecoin before expanding to other G7 currencies, with a euro-denominated offering next. A group of 21 major financial institutions plans to establish a new company to develop and issue stablecoins, offering another sign of traditional finance\u2019s push into digital dollars as regulatory frameworks take shape. […]<\/p>\n","protected":false},"author":1,"featured_media":651673,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[],"class_list":{"0":"post-651672","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-blockchain"},"_links":{"self":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/651672","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/comments?post=651672"}],"version-history":[{"count":0,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/posts\/651672\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media\/651673"}],"wp:attachment":[{"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/media?parent=651672"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/categories?post=651672"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/e-bitco.in\/index.php\/wp-json\/wp\/v2\/tags?post=651672"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}