Goldman Sachs, MUFG, and 19 Other Global Banks to Form Stablecoin Venture

A consortium of 21 major global financial institutions, including Goldman Sachs, Bank of America, and Mitsubishi UFJ Financial Group (MUFG), is planning to establish a new company dedicated to stablecoin operations. This initiative aims to leverage the collective expertise of these banks to advance stablecoin infrastructure and services in the global market.