In accordance with Crypto.News, a group of top global banks, including Goldman Sachs, Bank of America, Citigroup, and Santander, will explore the launch of a stablecoin. The banks have formed a consortium to investigate a 1:1 reserve-backed digital money asset on a public blockchain network, with a focus on G7 countries. The group is in contact with regulators and is assessing the potential for increased competition and the benefits of crypto assets.
Goldman Sachs, BoA, Citigroup to Explore Stablecoin Launch
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