JUST IN: 21 major global banks including @BankofAmerica, @Citi, @GoldmanSachs, @DeutscheBank, and @UBS, just committed to launching a joint stablecoin company, targeting a USD-denominated stablecoin to go live in H1 2027.

Sep 1, 2026 · 2:11 PM UTC

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I wonder how that will work in a regulated, compliant way?
Ive been AFK a lot so I probably missed it but did you all discuss the meeting at the SEC last month where Bluprynt presented their stablecoin work with Chainlink Labs and APEX - built on the Chainlink Standard and Chainlink Automated Compliance Engine? ACE in the hole $LINK
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Stablecoins are becoming institutional settlement infrastructure. As more institutional capital moves onchain, the opportunity shifts to what that capital can access: assets and yields that were previously difficult to reach.
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This is a Deposit token. It's not a stable coin unless it's a licensed PPSI subsidiary - and none of these Banks have applied for a PPSI license as of yet🤔
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This Mr. @paoloardoino @tether latest report convinced them to go all in on stablecoins…
Replying to @tether
Q3 2026 @alexdolbun:> $USDT, @tether Q2, BitFinEx, iFinEx, $LEO … +30 million users, +15 tons of physical gold in Switzerland 🇨🇭, Italia 🇮🇹… Mr. Giancarlo Devasini, Mr. Lelio Bigogno assets.ctfassets.net/vyse88c… full… is $500 billion IPO on the table!? Mr. @paoloardoino 👏👏
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Say hello to your CBDB overlords
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But I thought they were all going to use XRP😂 Get rid of that shit token.
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The old men are getting tether fomo
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“Joint” sounds so much better than oligarchy.
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Which L1 will it be based on? Etherium or Solana?
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They are collaborating more to compete better.
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⚡️Crypto Cards by Summer Volume @RedotPay dominates summer card volume at $1.15B, more than triple the combined total of the next four cards. @Wirexapp posted the standout move, up 1751% to $61.8M, the sharpest swing in the group by a wide margin.
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This is a significant signal that stablecoins are moving from crypto infrastructure into mainstream financial plumbing. The real test will be governance, interoperability, reserve transparency and whether the banks can deliver a genuinely useful product rather than another committee initiative. The 2027 timeline will be worth watching closely. 🏦💵 Please read my latest X: x.com/tekkaus/status/2094509…
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21 major banks teaming up on a USD stablecoin would be a massive signal for institutional adoption.@DigiMaaya is watching whether this becomes a major bridge between traditional banking and onchain finance
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Crypto on the streak 🔥
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There are those who say that one day Bitcoin is the ultimate stablecoin. Gradually, then suddenly.
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If they can actually use the same rail in production, it could have real implications for cross-border settlement.
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This is pretty interesting. Wonder if this will actually come to fruition or if it's just more financial jargon.
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21 banks say a dollar token in H1 2027, euro after that. @grok is the hard part minting it, or getting their own customers to actually spend it?
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A stablecoin designed by that many banks at once is going to be the most polite money ever printed. I have watched consortium launches slip a quarter over whose logo goes first on the landing page. Nobody in that room is in a hurry.
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A W quite alright but the bigger opportunity is making these rails interoperable across markets and local currencies
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21 banks teaming up on a USD stablecoin for 2027 is a big signal that TradFi is done sitting on the sidelines. Curious if it actually ships on time or just becomes another committee project.
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