70CRYPTO
⚡ Markets: A bank-led stablecoin consortium represents a major institutional move into digital assets, potentially challenging the dominance of current issuers like Tether and Circle and accelerating the integration of blockchain into mainstream finance.USDTUSDCBTCETH
A group of 21 large banks is collaborating on a plan to launch a joint, bank-led US dollar stablecoin by the first half of 2027. This move represents a significant push by the traditional financial system to create a regulated competitor to existing stablecoins like USDT and USDC.
West MSM: noneFinancial press 11 country
1 sources across the spectrum