21 Global Banks Plan First Joint Dollar Stablecoin for 2027
Citi, Goldman Sachs, Bank of America and 18 other banks and asset managers agreed to build a joint dollar stablecoin company targeting a mid-2027 launch.
Mustafa Shabbir is an assistant editor at Fathom, covering AI products and consumer technology. His beat is what actually ships: chatbots and copilots, the features folded into software people already use, pricing changes, deprecations, and the slow migration of AI from a destination to a default setting. He covers the hardware alongside it, from phones to headsets, on the view that the device is where most people meet the technology. He is interested in the gap between what a launch demonstrates and what the product does on an ordinary day, and treats availability, pricing and rate limits as the parts of an announcement most worth reading closely. A feature that exists in a keynote and not in the app is, to him, still a plan rather than a product.
Citi, Goldman Sachs, Bank of America and 18 other banks and asset managers agreed to build a joint dollar stablecoin company targeting a mid-2027 launch.
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