Twenty-one global financial institutions, including Goldman Sachs, Citi, and Bank of America, plan to launch a U.S. dollar-backed stablecoin. The group intends to set up a new company in the second half of 2026 to issue the digital currency, with a target launch in the first half of 2027.
The institutions behind the stablecoin
The list of participants includes Goldman Sachs, Citi, and Bank of America. The other 18 institutions were not named in the information available. The plan calls for the creation of a separate company to handle the issuance of the stablecoin.
The timeline for the stablecoin
The new company is scheduled to be established in the second half of 2026. The stablecoin itself is expected to go live in the first half of 2027, according to the plan.
The next milestone is the formation of the issuing company, planned for the second half of 2026.
