Watcher Guru reports that Goldman Sachs, Citigroup, Santander and Deutsche Bank will jointly invest $270 million in launching a stablecoin.
The report describes the project as a joint initiative by the four banks.
Not confirmed
Goldman Sachs, Citigroup, Santander and Deutsche Bank to invest $270 million in stablecoin launch
Watcher Guru reported the joint project
№ 1729Published 1 min read
Unconfirmed information: this report has not yet been verified by independent sources.
Telegram
Get the full story in Telegram
Extended details, links and updates are published in our channel.
Sources
Related stories
Blockchain
Matter Labs launches Prividium Connect for private cross-chain swaps
Matter Labs has launched Prividium Connect, a service for exchanging assets across blockchains without a trusted intermediary. ZKPs ensure transactions are atomic: transfers either complete simultaneously or fail entirely. At launch, the s…
Read →Blockchain
Banks, including Goldman Sachs and Citi, may invest $270 million in Project Faro
According to CoinDesk, banks, including Goldman Sachs and Citi, may invest $270 million in Project Faro. The project plans to issue a U.S. dollar-denominated stablecoin and is expected to be registered in the United States.
Read →Blockchain
Kazakhstan Invests About $190M of Crypto Reserve in Funds and ETFs
crypto.news reports that Kazakhstan has invested about $190 million from its national crypto reserve in hedge funds and exchange-traded funds offering exposure to digital assets. According to the publication, the reserve totals $700 millio…
Read →Blockchain
Visa Adds Monad to Stablecoin Settlement Program Processing Over $25B Annually
Crypto.news reports that Visa has added Monad to its stablecoin settlement program. According to the outlet, the program processes payments at an annualized rate of more than $25B. Monad confirmed the integration on November 10. Participat…
Read →