Wire · operational-macro
Bank Of America, Goldman Sachs, Citi Join Push to Launch Global Stablecoin
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Fusion42 · 2 September 2026 · Fusion42 review
Twenty-one global financial institutions including Bank of America, Goldman Sachs, and Citi announced the formation of a new company to launch a regulated, US dollar-backed stablecoin aimed at wholesale, institutional, and retail markets, with plans to expand to other G7 currencies by 2027.
This Wire brief sits within Fusion42's coverage of Fintech, and 6 sources have reported it between 1 Sep 2026 and 2 Sep 2026.
◆ ◆ The Wire takeaway
You must rethink your payments and blockchain strategy if you serve institutional clients. The move by major banks to launch a regulated stablecoin opens a door for compliant, bank-distributed digital currency that could outpace crypto-native offerings.
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6 sources · first reported 1 Sep 2026 · latest 2 Sep 2026
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