21 major global banks including Bank of America, Citi, Goldman Sachs and UBS commit to launching a joint USD stablecoin company targeting H1 2027

The unnamed company is expected to be established in the second half of this year, subject to closing conditions, with a US dollar stablecoin targeted for market in the first half of 2027. Stablecoins tied to other G7 currencies would follow, with a euro token prioritized. The project grew from an October 2025 initiative of 10 banks exploring a payment asset backed one-for-one by reserves on public blockchains. Participants now span five regions, including Wells Fargo, Deutsche Bank, Santander, Fidelity, MUFG and Standard Bank. The group intends to comply with the GENIUS Act and the EU's MiCA framework.

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• Goldman Sachs
• Launch
• Stablecoins