BofA, Citi and Goldman Sachs among 21 institutions planning stablecoin launch
A consortium of 21 major financial institutions plans to establish a new company to develop and issue stablecoins, adding to traditional finance’s push into digital dollars as regulatory frameworks take shape.
A group of 21 major financial institutions plans to establish a new company to develop and issue stablecoins, offering another sign of traditional finance’s push into digital dollars as regulatory frameworks take shape.The consortium, announced Tuesday, includes Bank of America, Goldman Sachs, Citi…