A consortium of nine banks has confirmed plans tied to Wall Street to explore a reserve-backed Stablecoin for G7 payments on public blockchains, engaged regulators, and evaluated a $50T payments landscape alongside tokenized deposit pilots.A consortium of nine banks has confirmed plans tied to Wall Street to explore a reserve-backed Stablecoin for G7 payments on public blockchains, engaged regulators, and evaluated a $50T payments landscape alongside tokenized deposit pilots.

Wall Street Banks Unite to Launch Stablecoin Rivaling Tether and Circle

2025/10/11 04:46
1 min read
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A consortium of nine banks has confirmed plans tied to Wall Street to explore a reserve-backed Stablecoin for G7 payments on public blockchains, engaged regulators, and evaluated a $50T payments landscape alongside tokenized deposit pilots.
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