TechBanks Band Together to Launch Stablecoin
Twenty one firms including Bank of America Citigroup and Goldman Sachs plan to establish a company for digital tokens.
TLDR
The Wall Street Journal posted that Bank of America Citigroup and Goldman Sachs are among nearly two dozen firms teaming up on stablecoins described as digital tokens for cross border transactions. The linked source article states twenty one firms including several megabanks plan to establish a company. That company would help guard against competition from digital assets. The public posts supply these details on the reported effort without additional confirmed steps or outcomes.
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Banks Band Together to Launch Stablecoin
Twenty one firms including Bank of America Citigroup and Goldman Sachs plan to establish a company for digital tokens.
TLDR
The Wall Street Journal posted that Bank of America Citigroup and Goldman Sachs are among nearly two dozen firms teaming up on stablecoins described as digital tokens for cross border transactions. The linked source article states twenty one firms including several megabanks plan to establish a company. That company would help guard against competition from digital assets. The public posts supply these details on the reported effort without additional confirmed steps or outcomes.