21 Banks Join Stablecoin Venture With Citi, Goldman, BofA
A group of 21 banks, including Citi, Goldman Sachs and Bank of America, has committed to a joint stablecoin venture, marking one of the broadest coordinated moves by traditional finance into
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Stablecoins
News, analysis, and explainers connected to Stablecoins across the CryptoCompass archive.
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Bank of America, Citi join 21-firm stablecoin plan
Bank of America, Citi, Goldman Sachs and 18 other financial institutions committed on Sept. 1 to establish a stablecoin company during the second half of 2026, subject to closing conditions.
Core DAO Plans Emergency Hard Fork After Validators Receive Excess Rewards
Core DAO is preparing an emergency hard fork after validators on the network reportedly received excess rewards, a distribution anomaly serious enough to trigger a coordinated protocol-level
Liquidium Had A Really Busy Weekend On ICP
@LiquidiumFi recorded its busiest period to date over the weekend, posting all-time highs across key lending metrics on the @dfinity Internet Computer network. The figures mark a notable step
Goldman Sachs, Citi and 19 other institutions plan a joint dollar stablecoin for 2027
A group of 21 financial institutions, led by Goldman Sachs, Citi, Bank of America and Deutsche Bank, has announced plans to form a joint company to issue a US dollar stablecoin, targeting a m
Zebec's payroll product pays salaries by the second instead of at cycle end
Pay that moves every second Most payroll systems work the same way they always have: money accumulates over a cycle and lands in an employee's account on a fixed date. @Zebec_HQ is trying to
Redeeming an Ondo tokenized stock pays out the share's cash value in stablecoins
Selling a tokenized stock back to @Ondo (ethereum:0xfaba6f8e4a5e8ab82f62fe7c39859fa577269be3) does not return the underlying share. What arrives in your wallet is $USDC or USDon (ethereum:0xa
Chainlink Proof of Reserve feeds show exactly where their backing data comes from
How Chainlink Proof of Reserve Feeds Work @chainlink Proof of Reserve (PoR) feeds give smart contracts a direct way to check whether a token's backing actually exists before executing. Chainl
Robinhood Wallet and Fomo memecoin purchases raise questions over card-network crypto rules
Two applications for digital trading now allow users to purchase memecoins with credit card, a minimal level of knowledge about cryptocurrency, and no additional forms for identification veri
Tether sued over alleged unlawful $42.4M USDT freeze
Two Thai businessmen sued Tether on Aug. 31 in the U.S. District Court for the Southern District of New York, challenging the issuer’s authority to freeze approximately 42.4 million USDT befo
21 Financial Firms Including BofA, Citi, and Goldman Plan Stablecoin Launch
A consortium of 21 major financial institutions says it will form a dedicated company to develop and issue regulated stablecoins, signaling another push by traditional banks and asset manager
21 Financial Institutions Plan Global USD Stablecoin Launch for 2027
Twenty-one global financial institutions have committed to establish a new company in the second half of 2026 to issue a U.S. dollar-denominated stablecoin, with the product targeted for laun