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      Bank of America, Citi and Goldman Sachs Join 21-Firm Group to Launch USD StablecoinTwenty-one major...

      Bank of America, Citi and Goldman Sachs Join 21-Firm Group to Launch USD StablecoinTwenty-one major financial institutions, including Bank of America, Citi, Goldman Sachs, Deutsche Bank, UBS, Fidelity Investments, Wells Fargo and MUFG, have committed to establish a new company in the second half of 2026 to support the issuance of stablecoins. The group plans to launch a USD-denominated stablecoin in the first half of 2027, with additional G7 currencies to follow and the euro as a priority. The stablecoin is intended for wholesale, institutional and retail use cases including cross-border payments and digital asset settlement, and is expected to comply with the U.S. GENIUS Act and EU MiCA where applicable.

      Source: Wu Blockchain
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      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud