Wire · operational-macro
Bank Of America, Goldman Sachs, Citi Join Push to Launch Global Stablecoin
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Fusion42 · 1 September 2026 · Fusion42 review
A consortium of 21 major global banks, including Bank of America, Goldman Sachs, and Citi, is forming a company to launch a regulated USD stablecoin in H1 2027, focusing on wholesale, institutional, and retail markets with plans for euro and other G7 currency stablecoins.
This Wire brief sits within Fusion42's coverage of Fintech, and 4 sources have reported it between 1 Sep 2026 and 3 Sep 2026.
◆ ◆ The Wire takeaway
You face a regulatory shift as the biggest banks back a regulated stablecoin aiming for institutional liquidity and cross-border payments. Prepare to integrate regulated stablecoins or risk falling behind crypto-native issuers gaining trust and scale.
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4 sources · first reported 1 Sep 2026 · latest 3 Sep 2026
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