Citi, Goldman, other global banks and asset managers team up on stablecoin venture — Live Feedhttps://www.live-feeds.com/feed/citi-goldman-other-global-banks-and-asset-managers-team-up-on-stablecoin-ventureContinuously updated, source-cited coverage. Twenty-one global banks form consortium to launch USD stablecoin in 2027https://www.live-feeds.com/feed/citi-goldman-other-global-banks-and-asset-managers-team-up-on-stablecoin-venturehttps://www.live-feeds.com/feed/citi-goldman-other-global-banks-and-asset-managers-team-up-on-stablecoin-venture#u55719Thu, 03 Sep 2026 13:20:13 +0000A consortium of 21 major financial institutions, including Citi, Goldman Sachs, and Bank of America, is developing a regulated US dollar stablecoin for retail and institutional use. The group plans to issue the digital token in 2027. This venture marks a shift for traditional banks that previously opposed stablecoins but are now seeking a regulated entry into the crypto market. The initiative aims to compete with existing market leaders like Tether, which holds $180 billion in assets.Why it mattersThe project is reportedly driven by the GENIUS Act. Banks are transitioning from resisting stable