2026-11-11 07:17:13
21 Banks Commit $270M to Stablecoin Project, Target Early 2027 Launch
According to Bloomberg on November 10, a 21-institution consortium committed approximately $270 million to Project Faro, a joint stablecoin venture led by Goldman Sachs, Citigroup, Deutsche Bank, and other major global financial institutions. The funding covers five years of operating expenses for a