Six of the largest U.S. banks are among 21 financial institutions that announced Tuesday their backing of a company, to be established by the end of this year, “to support the issuance of a stablecoin solution.”
Bank of America, Citi, Capital One Financial, Goldman Sachs, PNC Financial Services Group and Wells Fargo are backing the solution, expected to go to market in the first half of 2027.
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Banks undertake stablecoin effort | Payments Dive
