Major Banks Launch Stablecoin Venture for Cross-Border Transactions
A consortium of major financial institutions including Bank of America, Citigroup, and Goldman Sachs are collaborating to launch a new stablecoin. This digital token is intended for use in cross-border transactions.
companyBank of AmericacompanyCitigroupcompanyGoldman Sachs
The tape
1 quote
“Bank of America, City Group, Goldman Sachs, and 18 other firms are teaming up to launch a stable coin, or digital tokens that can be used for cross-border transactions.”
Julie Chang
Heard on WSJ Tech News Briefing — “TNB Tech Minute: SoftBank’s SB Energy Files for IPO”, published Tuesday, September 1, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.