Citi, Goldman Sachs, and 19 Financial Institutions Join Forces to Issue Dollar Stablecoin

A consortium of 21 major financial firms, including Citi, Goldman Sachs, Fidelity, and WisdomTree, has committed to launching a dollar-pegged stablecoin. The group has more than doubled in size since October and is targeting a release in the first half of 2027. The project has yet to determine a name for the asset or select a underlying blockchain network.