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Wire · operational-macro

Major Banks Form New Stablecoin Venture Targeting Launch Before Year End

Published

4 September 2026

Topic

operational-macro

Sectors

Fintech

Geography

Global

Source

Read at eastandpartners.com

Verified

Fusion42 · 4 September 2026 · Fusion42 review

A global consortium of major banks including Citi, Lloyds, MUFG, and Goldman Sachs plans to launch a USD-backed stablecoin by mid-2027, aiming for global operations and future expansion to other G7 currencies like the euro.

This Wire brief sits within Fusion42's coverage of Fintech.

◆ The Wire takeaway

You face a new digital payments landscape where top banks back stablecoins for cross-border use, forcing fintech ventures to adjust or partner fast. Traditional payment rails risk disruption as banks push blockchain settlement methods worldwide.

Coverage

1 source · 4 Sep 2026

Related on Wire

Topics

Fintechstablecoinbank-consortiumdigital-paymentscross-bordercrypto-infrastructure