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 13 sources have reported it between 1 Sep 2026 and 4 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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13 sources · first reported 1 Sep 2026 · latest 4 Sep 2026
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