Banks join forces for stablecoin builds
Banks are accelerating plans to issue stablecoins for instantaneous, round-the-clock settlement, with many ditching in-house builds in favour of industry consortia to reduce fragmentation and broaden distribution in the fast-growing market.
In October 2025, a consortium of nine bank heavyweights comprising Goldman Sachs, Bank of America, BNP Paribas, Citigroup, Deutsche Bank, MUFG Bank, Santander
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