Major banks explore issuing stablecoin pegged to G7 currencies

Government

A group of banks including Bank of America , Citi, Deutsche Bank, Goldman Sachs and UBS will work together to explore creating blockchain-based assets pegged to G7 currencies, the banks said on Friday. The project, which is in its early stages, will explore creating assets on public blockchains which are pegged 1:1 to real-world currencies - known as stablecoins. Various banks and other financial institutions have announced plans to look at launching stablecoins, as soaring crypto prices and U.

Major banks explore issuing stablecoin pegged to G7 currencies https://www.channelnewsasia.com/ - 10.10.2025 18:39

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Major banks explore issuing stablecoin pegged to G7 currencies https://www.channelnewsasia.com/ - 10.10.2025 18:39