21 International Financial Institutions Plan to Establish Stablecoin Company

Twenty-one international financial institutions have announced plans to establish a new company in the second half of 2026 to promote the issuance of stablecoins, with the specific name yet to be disclosed. The company will initially focus on USD-pegged stablecoins, with plans to expand to more G7 currencies in the future, prioritizing euro stablecoins. Participating institutions include Bank of America, Citigroup, Morgan Stanley, Goldman Sachs, Deutsche Bank, UBS, Wells Fargo, BBVA, Santander Bank, and MUFG Bank, among others. The stablecoin initiative will target wholesale, institutional, and retail markets, applicable in scenarios such as cross-border payments and digital asset settlements. The group stated that the stablecoin solution will incorporate bank-level compliance, governance, and institutional risk management capabilities, and plans to comply with relevant regulatory requirements such as the U.S. GENIUS Act and the EU MiCA. The project aims to officially launch stablecoin products in the first half of 2027.

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