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21 Banks Back USD Stablecoin Venture for Global Use

The move could give banks a regulated foothold in digital payments as they seek to challenge crypto issuers and settle transactions faster.

10 Articles

Svenska Dagbladet

Lean Right

Major Banks Are Betting on Stablecoins

Good morning! Banking giants are making a "defensive" bet on digital currency, Sweden is hit by an AI-driven influence campaign, and Nokia is back in a nice stock market club.

2 days ago·Stockholm, Sweden

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IT Brief New Zealand

+7 Reposted by 7 other sources

21 banks back USD stablecoin venture for global use

The move could give banks a regulated foothold in digital payments as they seek to challenge crypto issuers and settle transactions faster.

1 day ago

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Startup Fortune

Circle Stock Drops as 21 Major Banks Move to Build Their Own Stablecoin

Twenty-one major banks, including Bank of America, Citi, Goldman Sachs and UBS, committed on September 1 to launch a joint dollar stablecoin company targeting a first-half 2027 launch. Circle's stock fell 6% on the news, its second institutional hit this quarter after Morgan Stanley slashed its price target 64% in August.

1 day ago

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