TREE NEWS reports: A consortium of 21 major financial institutions, including Bank of America, Citi, and Goldman Sachs, plans to launch a stablecoin, starting with a US dollar-backed version before expanding to other G7 currencies, with a euro-denominated offering next. This marks a significant move by traditional finance into the crypto space, potentially accelerating institutional adoption of digital assets.
BofA, Citi, Goldman Sachs Among 21 Institutions Planning Stablecoin Launch
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