London, New York, 1 September 2026. –\u00a0PRESS RELEASE
\nTwenty-one leading international financial institutions have today announced that they have committed to establish a new company in H2 2026, subject to closing conditions, to support the issuance of a stablecoin solution. The new company, whose name will be announced in due course, intends to operate globally, with its initial focus on a USD-denominated stablecoin offering and a longer-term ambition of expanding issuance into stablecoins denominated in additional G7 currencies, with a EUR offering as a priority.\u00a0<\/p>\n
The initiative will draw on the expertise of the participant institutions to offer a safe, robust and trusted solution that combines bank-grade compliance, strong governance, distribution and institutional risk management. The product will be utilised in a variety of use cases covering wholesale, institutional and retail markets where client benefits can be achieved by utilising a trusted form of digital money, including cross-border payments and digital asset settlements.<\/p>\n
The group aims for its stablecoin solution to go to market in the first half of 2027.<\/p>\n
This follows the announcement in October 2025 that an initial group of ten banks was exploring the issuance of a 1:1 reserve-backed form of digital money that provides a stable payment asset available on public blockchains.<\/p>\n
The group now comprises twenty-one leading financial institutions headquartered across major geographies, namely:<\/p>\n
North America: Bank of America, Capital One, Citi, Fidelity Investments, Goldman Sachs, PNC Financial Services, Scotiabank, TD Bank Group, Wells Fargo, WisdomTreeEurope: Banco Santander, BBVA, Commerzbank, Cr\u00e9dit Agricole, Deutsche Bank, Lloyds Banking Group, Co\u00f6peratieve Rabobank U.A., UBSEast Asia: MUFG Bank\u00a0Middle East: Sirius International HoldingAfrica: Standard Bank<\/p>\n
The initiative intends to be GENIUS Act and MiCA-compliant, as applicable. The group will continue to keep appropriate parties updated as the initiative progresses.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"London, New York, 1 September 2026. –\u00a0PRESS RELEASE Twenty-one leading international financial institutions have today announced that they…\n","protected":false},"author":2,"featured_media":567,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[121],"tags":[144,441,444],"class_list":["post-79894","post","type-post","status-publish","format-standard","has-post-thumbnail","category-banco-santander","tag-banco-santander","tag-group","tag-press-releases"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/79894","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/comments?post=79894"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/posts\/79894\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media\/567"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/media?parent=79894"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/categories?post=79894"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/spain\/wp-json\/wp\/v2\/tags?post=79894"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}