Wall Street Banks Partner to Create Stablecoin for Faster Global Payments

Major banks from around the globe, including Goldman Sachs, Citibank, Bank of America, and Santander, are joining forces with other institutions like Barclays, BNP Paribas, Deutsche Bank, MUFG, UBS, and TD Bank. This collaboration is focused on developing a shared digital currency project tied to G7 currencies – aiming for a new standard in global payments.