10 Global Banks Partner to Launch Stablecoin Consortium

Major international banks are forging an alliance to develop a joint stablecoin, signifying a pivotal step towards bridging the gap between traditional finance and cryptocurrencies. This initiative was announced by Reuters following reports that global banking giants including Santander, Bank of America, Barclays, BNP Paribas, Citi, Goldman Sachs, and UBS are forming a consortium for this purpose.