Goldman, Citi, BofA and 21 Others to Launch Dollar Stablecoin in H1 2027

CRCL +5.53% SAN +0.84% COF +0.87% BAC +0.50% COIN +1.42% 1 more

1. 121 global financial firms including Goldman Sachs (GS), Citi (C), and Bank of America (BAC) are moving to issue a dollar stablecoin
2. 2They aim to establish a joint venture in H2 2026 and launch in H1 2027, later expanding to G7 currencies such as the euro
3. 3Backed by 1-for-1 reserve collateral, it will serve wholesale, institutional, retail, and cross-border payments, competing with incumbents like Circle and Tether

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