Goldman, Citi Among Banks in $270 Million Stablecoin Backing

Goldman Sachs, Citigroup, Banco Santander, and Deutsche Bank committed approximately $270 million in funding to a joint stablecoin venture, according to reporting on the matter. The stablecoin project involves these four financial institutions as primary backers. No additional details about the venture's timeline, governance structure, or operational specifics were disclosed.

• Bloomberg — Goldman, Citi Among Banks in $270 Million Stablecoin Backing

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