Major banks explore stablecoins pegged to G7 currencies
Banks test fiat-backed stablecoins to streamline global settlement flows.
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8h agoMajor banks explore stablecoins pegged to G7 currencies
A consortium of global banks, including Citi, UBS, and Goldman Sachs, is exploring the creation of stablecoins pegged to major G7 currencies. The initiative seeks to standardize cross-border settlements and reduce payment frictions. Regulators are expected to review pilot structures by early 2026. Analysts say the move underscores traditional finance’s deeper foray into blockchain infrastructure.
neutral
8h agoMajor banks explore stablecoins pegged to G7 currencies
A consortium of global banks, including Citi, UBS, and Goldman Sachs, is exploring the creation of stablecoins pegged to major G7 currencies. The initiative seeks to standardize cross-border settlements and reduce payment frictions. Regulators are expected to review pilot structures by early 2026. Analysts say the move underscores traditional finance’s deeper foray into blockchain infrastructure.
neutral
Major banks explore stablecoins pegged to G7 currencies
about 8 hours ago
1 min read
55 words
Banks test fiat-backed stablecoins to streamline global settlement flows.
A consortium of global banks, including Citi, UBS, and Goldman Sachs, is exploring the creation of stablecoins pegged to major G7 currencies. The initiative seeks to standardize cross-border settlements and reduce payment frictions. Regulators are expected to review pilot structures by early 2026. Analysts say the move underscores traditional finance’s deeper foray into blockchain infrastructure.
A consortium of global banks, including Citi, UBS, and Goldman Sachs, is exploring the creation of stablecoins pegged to major G7 currencies. The initiative seeks to standardize cross-border settlements and reduce payment frictions. Regulators are expected to review pilot structures by early 2026. Analysts say the move underscores traditional finance’s deeper foray into blockchain infrastructure.
Companies:
Citi
UBS
Goldman Sachs
Tags:
stablecoins
banks
stablecoins
banks
CBDC
G7
blockchain
Source: