CoinDesk posted that 21 major global banks including Bank of America, Citi, Goldman Sachs, Deutsche Bank and UBS committed to starting a joint stablecoin company. The post states the group aims to issue a USD-denominated stablecoin with a target launch in the first half of 2027. No further details on the company's structure, governance or participating entities beyond the listed banks appear in the post. The announcement comes from the media outlet's account and stands as the sole source line in the packet.