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Citi, Goldman, Others Launch Stablecoin Venture

Source: CoinDesk

Major global banks and asset managers, including Citi and Goldman Sachs, have teamed up on a stablecoin venture, initially focusing on a U.S. dollar-backed token for payments and digital asset settlement. Plans include expanding to a euro-based stablecoin as a priority. This move signals growing institutional interest in digital currencies and blockchain-based settlement systems.

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