Follow UsGlobal banks commit $270M to stablecoin venture targeting 2027 launch
Bullish+1.26%
10 Nov, 23:08
Source: Cointelegraph
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Major global banks including Goldman Sachs, Citigroup, and BBVA have committed $270 million to Project Faro, a new US dollar stablecoin venture targeting a 2027 launch, signaling significant traditional finance adoption in the digital asset space.
Project Faro, backed by Goldman Sachs, Citigroup and BBVA, has secured $270 million in funding to launch a US dollar stablecoin in the first half of 2027.