According to PR Newswire, 21 leading international financial institutions, including Bank of America, Goldman Sachs, Citigroup, Wells Fargo, Deutsche Bank, UBS, and Mitsubishi UFJ, have announced plans to jointly establish a new company in the second half of 2026 to develop stablecoin solutions. The stablecoin will be backed by a 1:1 reserve, initially focusing on USD-denominated products, with plans to gradually expand to other G7 currencies, prioritizing the euro. The product is expected to launch in the first half of 2027, with use cases spanning wholesale, institutional, and retail markets, including cross-border payments and digital asset settlement. The initiative will comply with the U.S. GENIUS Act and the EU’s MiCA regulatory framework.
21 global financial institutions to launch stablecoin company in 2026
TechFlowShare
Summary
Twenty-one global financial institutions, including Bank of America, Goldman Sachs, Citibank, and Deutsche Bank, will launch a stablecoin company in late 2026. The stablecoin will be fully backed 1:1, initially using USD and later expanding to G7 currencies such as the euro. The product is scheduled for an early 2027 launch across wholesale, institutional, and retail markets. It will comply with the U.S. GENIUS Act and MiCA (EU Markets in Crypto-Assets Regulation). This initiative supports stablecoin regulation and digital asset settlement for cross-border payments.
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