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21-bank dollar stablecoin consortium stories

Sep 1, 2026

Goldman Sachs, Citi and 19 other banks plan joint dollar stablecoin for 2027

Twenty-one major financial institutions including Goldman Sachs, Bank of America, Citi and Deutsche Bank announced plans to form a company this year to issue a dollar-backed stablecoin, with a market launch targeted for 2027.

Sep 1, 2026·3 sources

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Top claims

▪The bank consortium plans to expand its stablecoin offerings into other G7 currencies, with a euro-denominated stablecoin designated as its next priority
▪Circle's stock previously declined in June 2026 after a group of 140 companies, including Stripe and BlackRock, announced plans to launch the rival Open USD stablecoin
▪A group of 21 financial institutions plans to establish an unnamed company in the second half of 2026 to issue a dollar-backed stablecoin in the first half of 2027

Subtopics

Institutional crypto adoption1 Payments1 Stablecoin regulation1 Stablecoins1

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