Key Notes

Major financial institutions unite to bring blockchain infrastructure into mainstream global payment systems.

The initiative aims to enhance settlement speed, reduce costs, and improve liquidity through stablecoin technology.

Growing momentum follows Trump's Genius Act and Europe's similar euro stablecoin project launching in 2026.

Goldman Sachs Group Inc., Deutsche Bank AG, Bank of America Corp., and Banco Santander have joined forces in a nine-bank coalition to explore the creation of blockchain-based digital money. The initiative marks another major step by traditional financial institutions to integrate cryptocurrency infrastructure into global payment systems.

The consortium also includes BNP Paribas, Citigroup Inc., MUFG Bank Ltd, TD Bank Group, and UBS Group AG. Toget

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