Goldman, Citi and BofA plan new firm to issue USD-pegged stablecoin
Goldman Sachs is teaming with Bank of America and Citigroup on a push to integrate stablecoins into traditional finance, with a planned consortium of 21 institutions to form a new firm that will issue a U.S.-dollar-pegged stablecoin.
Goldman Sachs Group Inc.(GS, Financials) is teaming up with Bank of America and Citigroup on a significant push to integrate stablecoins deeper into traditional finance.A consortium of 21 financial institutions is planning to form a new firm that will issue a U.S. dollar-pegged stablecoin in the fi…