Bank of America and Citi Join 21-Firm USD Stablecoin Plan

TLDR 21 financial institutions committed on Sept. 1 to form a stablecoin company in the second half of 2026. The group plans to launch a US dollar stablecoin in the first half of 2027. A euro stablecoin is named as the next priority after the dollar token. The venture intends to follow the GENIUS Act [...]

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