Goldman Sachs and Citigroup’s stablecoin plans have new progress! 21 institutions reportedly committed US$270 million, and “Project Faro” accelerated preparations
The US dollar stable currency project jointly promoted by 21 international financial institutions including Goldman Sachs and Citigroup has the latest progress! Participating institutions have committed a combined approximately $270 million to cover operating costs for the new company's first five years. The "Project Faro" plan is reportedly preparing to establish a company in the United States and find a CEO. The goal is still to launch a U.S. dollar stable currency in the first half of 2027. 〈Goldman Sachs and Citigroup’s stablecoin plans have new progress! 21 institutions reportedly committed US$270 million, and "Project Faro" accelerated preparations. This article was first published on "Block Guest".
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