Citi, Goldman Sachs, and 19 Financial Giants Partner to Launch USD Stablecoin

A consortium of 21 major financial institutions, including Citi, Goldman Sachs, and Fidelity, has announced the formation of a joint venture to issue a USD-pegged stablecoin. The project is scheduled to launch in 2027, marking a significant collaborative effort by traditional finance leaders to enter the stablecoin market.