[21 International Financial Institutions to Jointly Establish a Stablecoin Company, Planning to Launch USD Stablecoin in Early 2027] BlockBeats News, September 1: 21 international financial institutions announced plans to establish a new company in the second half of 2026 to promote the issuance of stablecoins, with the specific name to be announced later. Initially, the company will focus on USD-denominated stablecoins and plans to expand to more G7 currencies in the future, prioritizing the Euro stablecoin. Participating institutions include Bank of America, Citibank, Morgan Stanley, Goldman Sachs, Deutsche Bank, UBS, Wells Fargo, BBVA, Santander Bank, MUFG Bank, among others. The stablecoin initiative is aimed at wholesale, institutional, and retail markets, with applications in cross-border payments, digital asset settlements, and other scenarios. The group stated that the stablecoin solution will integrate bank-grade compliance, governance, and institutional risk management capabilities, and is planned to comply with the U.S. GENIUS Act and EU MiCA regulatory requirements. The project aims to officially launch the stablecoin product in early 2027. [Original Link]