By Isaac • September 1, 2026 11:11 am •
Twenty-one of the world’s largest banks and asset managers are preparing to build a shared dollar stablecoin venture, setting up a direct institutional challenge to the crypto-native issuers that dominate the market today.
The group includes Goldman Sachs, Bank of America, Citi, Deutsche Bank, UBS, Wells Fargo, Fidelity Investments and WisdomTree. Its plan is to create a separate company in 2026 and target the first half of 2027 for a dollar-denominated stablecoin launch.
Trending: Pat McAfee refused to fold, and ESPN paid up. There’s a lesson there for young men.
According to CoinDesk, the consortium has more than doubled from the 10 institutions involved when the effort was first disclosed in October 2025. The current roster spans North America, Europe, Asia, the Middle East and Africa.
The group plans to establish a separate
Continue reading
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!