Goldman Sachs, BofA and others plan 2027 dollar stablecoin issuance
A group of 21 financial institutions, including Goldman Sachs (GS), Bank of America (BAC) and Deutsche Bank (DBK), plans to create a company this year to issue a dollar-pegged cryptocurrency in the first half of 2027.
A group of 21 financial institutions, including Goldman Sachs NYSE:GS, Bank of America NYSE:BAC and Deutsche Bank XETR:DBK, said on Tuesday that they plan to set up a company this year to issue a dollar-pegged cryptocurrency in the first half of 2027. The group was first announced in October.