Goldman, Citi Among Banks Committing $270M to Fund Joint Stablecoin Issuer for Five Years

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• Major global banks including Goldman Sachs, Citigroup, Banco Santander, and Deutsche Bank have committed roughly $270 million to back a joint stablecoin entity.
• According to a Bloomberg report citing sources familiar with the matter, the committed capital is intended to fund the new stablecoin issuer's operations over the next five years.

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