2026-11-11 00:21:18
Goldman Sachs, Citigroup Commit $270M to Project Faro for U.S. Dollar Stablecoin Launch in H1 2027
According to Bloomberg, today (Nov 11), Goldman Sachs, Citigroup, Santander, and Deutsche Bank committed approximately $270 million to the collaborative stablecoin project Project Faro. The funding will cover the new company's operational expenses for five years. The initiative, announced by 21