BofA, Citi and Goldman Sachs Join 21-Institution Stablecoin Venture

Bank of America, Citigroup and Goldman Sachs are among 21 institutions planning a stablecoin venture, according to Cointelegraph. The initiative is expected to begin with a stablecoin denominated in US dollars. The planned venture would then expand into other G7 currencies, with a euro-denominated stablecoin identified as the next offering. The announcement places several major banking institutions among a broader group exploring stablecoin issuance. Stablecoins are digital assets designed around a reference currency, and the proposed project would initially focus on the US dollar before extending its currency coverage. Cointelegraph reported the development on September 1, 2026. The source did not provide further details on the venture’s launch timing, structure or the other participating institutions.