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Sep 1, 2026

21 major banks including Goldman Sachs and Citi plan to issue dollar stablecoin in 2027

A consortium of 21 financial institutions including Goldman Sachs, Bank of America, Citi, Deutsche Bank, Fidelity, and WisdomTree plans to create a company in 2026 to issue a dollar-pegged cryptocurrency in the first half of 2027. The group has more than doubled in size since October, though the token has no name or chosen blockchain yet.

Sep 1, 2026·3 sources
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Jul 14, 2026

Bitcoin spot ETFs see $424 million outflow, reversing prior week's gains

US spot Bitcoin ETFs recorded $424.66 million in net outflows on July 13, with BlackRock's IBIT losing $186.1 million and Fidelity's FBTC shedding $246.3 million, erasing the previous week's inflows as trading activity hit cycle lows.

Jul 14, 2026·6 sources
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Apr 7, 2026

Bitcoin ETFs Record $471M Inflow, Largest Since Late February

Spot Bitcoin ETFs saw their biggest single-day inflow in six weeks with $471 million, marking the sixth-largest inflow of 2026 as institutional interest returned.

Apr 7, 2026·4 sources
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Top claims

  • ▪Despite the entry of major financial institutions, there are currently few signs of market demand for stablecoins issued directly by banks.
  • ▪The stablecoin market is dominated by Tether, which has issued over $180 billion of its dollar-pegged token, and Circle, which has about $73.6 billion of its USDC token in circulation.
  • ▪The bank consortium intends for its stablecoin to be compliant with the U.S. GENIUS Act and the European Union's Markets in Crypto-Assets (MiCA) regulations.

Topics

Stablecoin regulationInstitutional crypto adoptionTokenizationStablecoinsBitcoin ETFsCrypto marketsBitcoin market analysisBitcoinBitcoin Market Maturation Cycle

Related entities

IBITUnited StatesIranIsraelOman