On 1 September 2026, 21 financial firms committed to form a company that will issue one shared dollar stablecoin. Target launch: the first half of 2027. Seventeen of the 21 are globally systemic banks.
Bank of America, Citi, Goldman Sachs, Wells Fargo, UBS, Deutsche Bank, Santander, MUFG and Standard Bank are all in. The company itself does not exist yet. It has no name, no charter, and no chief executive.
