Wells, BofA, Citi back upcoming stablecoin
Goldman Sachs, PNC and Capital One are also among 21 financial institutions partnering on an asset expected to go to market early next year.
Goldman Sachs, PNC and Capital One are also among 21 financial institutions partnering on an asset expected to go to market early next year.
BELLINGS Intelligence Score: 38
Why it matters
The backing of a new stablecoin by major banks including Wells Fargo, BofA, and Citi represents notable market activity with potential implications for digital asset adoption and banking partnerships, but it is not yet a confirmed structural shift or regulatory event.
Sources
Banking Dive
Wells, BofA, Citi back upcoming stablecoin
Goldman Sachs, PNC and Capital One are also among 21 financial institutions partnering on an asset expected to go to market early next year.
Payments Dive
Banks undertake stablecoin effort
Goldman Sachs, PNC and Capital One are also among 21 financial institutions partnering on an asset expected to go to market early next year.