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Banks to Commit $270M to Stablecoin Project Launching in 2027

Media reports say the funding is intended to cover five years of the issuer’s operations

№ 1718Published 1 min read

The Defiant reports that banks plan to commit $270 million to a dollar-backed stablecoin project. The funds are expected to cover five years of the issuer’s operations.

The consortium is targeting a token launch in the first half of 2027.

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Banks to Commit $270M to Stablecoin Project | $uicideChain