Bank Of America, Goldman Sachs, Citi Join Push to Launch Global Stablecoin
Benzinga · Published Sep 1, 2026, 1:45 PM EDT
Article Summary
A group of twenty-one global financial institutions, including Bank of America Corp. (NYSE:BAC), Goldman Sachs Group Inc. (NYSE:GS) and Citigroup Inc. (NYSE:C) is forming a new company to launch a regulated stablecoin. Alongside BofA, Goldman Sachs and Citi, the consortium includes Wells Fargo & Co. (NYSE:WFC), Capital One Financial Corp. (NYSE:COF), Fidelity Investments, PNC Financial Services, Scotiabank, TD Bank, WisdomTree, Banco Santander, BBVA, Deutsche Bank (NYSE:DB), UBS (NYSE:UBS), MUFG Bank and others.
This article appears to be broader market context rather than a single-asset story.
What Happened
A group of twenty-one global financial institutions, including Bank of America Corp. (NYSE:BAC), Goldman Sachs Group Inc. (NYSE:GS) and Citigroup Inc. (NYSE:C) is forming a new company to launch a regulated stablecoin. Alongside BofA, Goldman Sachs and Citi, the consortium includes Wells Fargo & Co. (NYSE:WFC), Capital One Financial Corp. (NYSE:COF), Fidelity Investments, PNC Financial Services, Scotiabank, TD Bank, WisdomTree, Banco Santander, BBVA, Deutsche Bank (NYSE:DB), UBS (NYSE:UBS), MUFG Bank and others.
Why It Matters
It may matter as broader market context rather than a single-asset catalyst. CoqiLabs groups this article under Institutional to help readers understand the related market theme.
Market Context
Published by Benzinga. Category: Institutional. Published Sep 1, 2026, 1:45 PM EDT.
This article appears to be broader market context rather than a single-asset story.
Sentiment Read
Market tone for this article appears positive. This article is shown for market context only and is not financial advice.
Original Publisher
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