"10 global banks including Goldman Sachs, Bank of America, UBS push for joint stablecoin issuance"

Minseung Kang

Summary

"Goldman Sachs" and nine other major global banks are reported to be pursuing a joint stablecoin project.
The project is reportedly considering issuing stablecoins linked to G7 currencies such as the US dollar, euro, and yen.
It said that the participation of major global banks is being discussed as a possibility for expanding the stablecoin market.

Major global banks are reportedly jointly pursuing a stablecoin project.

On the 10th (local time), crypto-focused outlet BlockBeats, citing Reuters, reported that "Goldman Sachs (Goldman Sachs), Bank of America (Bank of America), Barclays (Barclays), BNP Paribas (BNP Paribas), Citi (Citi), Deutsche Bank (Deutsche Bank), Santander (Santander), Mitsubishi UFJ Financial Group (MUFG), TD Bank, UBS (Swiss Federal Bank) are participating and are reviewing joint stablecoin issuance," it said.

The outlet added that "the project is being discussed in a direction that would consider issuing stablecoins linked to G7 currencies such as the US dollar, euro, and yen."