BANK OF AMERICA, CITIGROUP, GOLDMAN SACHS, WELLS FARGO, UBS, AND DEUTSCHE BANK ARE ALL BUILDING THE SAME STABLECOIN
21 firms across five regions are behind it, per the Wall Street Journal.
North America:
- Bank of America $BAC
- Capital One $COF
- Citigroup $C
- Fidelity Investments
- Goldman Sachs $GS
- PNC Financial Services $PNC
- Scotiabank $BNS
- TD Bank Group $TD
- Wells Fargo $WFC
- WisdomTree $WT
Europe:
- Banco Santander $SAN
- BBVA $BBVA
- Commerzbank
- Credit Agricole
- Deutsche Bank $DB
- Lloyds Banking Group $LYG
- Rabobank
- UBS $UBS
East Asia:
- MUFG Bank $MUFG
Middle East:
- Sirius International Holding
Africa:
- Standard Bank
Launch is targeted for the first half of 2027, dollar-denominated at the start, built for commercial clients.