Business · 2 September 2026
21 banks plan dollar stablecoin for early 2027

Image by hammadalikhn on Freepik
Twenty-one financial institutions, which include Goldman Sachs and Bank of America, intend to establish a company this year. Their objective is to release a dollar-pegged cryptocurrency during the first six months of 2027. The group also wants to expand into stablecoins linked to other G7 currencies, with the euro as a priority.
Reported by livemint.com · How we write briefs
