Goldman and Citi Help Fund $270 Million Stablecoin Venture
A group of banking giants have reportedly pledged roughly $270 million in financing toward a joint stablecoin venture. The banks included Goldman Sachs, Citigroup, Santander and Deutsche Bank, Bloomberg News reported Tuesday (Nov. 10), citing sources familiar with the matter. The funding is aimed at covering five years of operations at the new company, plans […] The post Goldman and Citi Help…
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- Sources: Citigroup, Goldman Sachs, and others in a 21-bank consortium committed around $270M to fund five years of a stablecoin venture announced in September (Bloomberg) bloomberg.com
- Banking giants commit $270m to stablecoin venture - Bloomberg finextra.com
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