BULLISH 72 CryptoPotato 6H ago · 3 min read 3 reads

Goldman, Citi among banks committing $270M to joint stablecoin issuer

AI summary

Goldman Sachs, Citigroup, Banco Santander and Deutsche Bank have committed about $270 million to a joint stablecoin issuer, per Bloomberg. The funding is intended to cover five years of operations for the new company. Major bank backing signals deepening institutional embrace of stablecoins, a tailwind for crypto market confidence and adoption.

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Narrative history

4 linked stories · 5 outlets · since 10 Nov

6H AGO

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Goldman, Citi among banks committing $270M to joint stablecoin issuer

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