60CRYPTO
⚡ Markets: The entry of major banks into the stablecoin market could significantly increase adoption and liquidity but also poses a competitive threat to existing issuers like Tether and Circle. It signals growing institutional acceptance of blockchain for payments.USDTUSDCCGS
A consortium of 21 global banks and asset managers, including Citigroup and Goldman Sachs, are collaborating on a venture to issue stablecoins. The project will initially focus on a US dollar-denominated stablecoin before expanding to other G7 currencies, marking a significant move by traditional finance into the digital asset space.
West MSM: noneFinancial press 21 country
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