21 international financial institutions will jointly set up a stablecoin company, with plans to launch a U.S. dollar stablecoin in the first half of 2027.
2026.09.01 22:53:17
21 international financial institutions have announced plans to establish a new company in the second half of 2026 to advance the issuance of a stablecoin, with its specific name to be disclosed later. The new entity will initially focus on USD-denominated stablecoins, with plans to expand to additional G7 currencies in the future, prioritizing euro-denominated stablecoins. Participating institutions include Bank of America, Citigroup, Morgan Stanley, Goldman Sachs, Deutsche Bank, UBS, Wells Fargo, BBVA, Santander, MUFG Bank, and others. The stablecoin is targeted at wholesale, institutional, and retail markets, and will be applied to scenarios such as cross-border payments and digital asset settlement. The group stated that the stablecoin scheme will combine bank-level compliance, governance, and institutional risk management capabilities, and plans to meet relevant regulatory requirements including the U.S. GENIUS Act and EU MiCA. The project aims to officially launch the stablecoin product in the first half of 2027.
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