21 banks including Bank of America and Citi plan USD stablecoin launch in early 2027
Bank of America and Citi, along with Goldman Sachs and other financial institutions, are reported to be part of a group of 21 firms planning a U.S. dollar stablecoin launch in the first half of 2027 [1].
Reporting also says the 21 firms will establish a new company to support issuance of a USD stablecoin, with the launch targeted for early 2027, [2] [3].
One report states Citi, Goldman Sachs, UBS, and Bank of America are among the backers, and that issuer and blockchain details have not been disclosed, [2] [4].
Another source similarly describes a consortium of 21 major financial institutions confirming plans to jointly launch a dollar-denominated stablecoin in 2027, and lists Citi, Goldman Sachs, UBS, and Bank of America among the backers [4].
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Sources
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- 1Bank of America, Citi join 21-firm stablecoin plancrypto.news• Sep 2, 2026
- 221 Financial Giants Plan Dollar Stablecoin for 2027Coindoo• Sep 1, 2026
- 3Goldman Sachs, Citi, BofA Among 21 Global Firms to Launch USD Stablecoin in H1 2027CoinGape• Sep 2, 2026
- 421 Banks Including Citi, Goldman, and UBS Plan a Dollar Stablecoin for 2027BTCUSA• Sep 2, 2026
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