Citi, Goldman and Global Banks Join Forces to Launch Stablecoin Venture

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Major financial institutions including Citigroup and Goldman Sachs have partnered to develop a joint stablecoin initiative. The venture brings together global banks and asset managers in a collaborative effort targeting digital finance. The group's initial focus will be on creating a U.S. dollar-backed stablecoin designed for payments and digital asset settlement. Expansion plans include the development of a euro-denominated token as a subsequent priority.

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