Goldman Sachs, BofA Among 21 Banks Planning Joint Dollar Stablecoin Launch

The bank-led consortium wants a U.S. dollar token live by the first half of 2027, with a euro version queued up next.

• A consortium of 21 major financial institutions, including Goldman Sachs, Bank of America, and Citi, plans to launch a U.S. dollar stablecoin by the first half of 2027.
• This initiative represents a private liability stablecoin, distinct from a Central Bank Digital Currency (CBDC), and aligns with U.S. policy favoring private stablecoin development.
• The stablecoin aims for use in wholesale, institutional, and retail markets, with cross-border payments and digital asset settlement as initial applications, followed by a euro-denominated version.

Topics: Asset types, Jurisdictions, Institutional adoption, Stablecoins digital cash, Established hubs, Banking depository pilots

Tags: #goldmansachs #bankofamerica #citi #stablecoin #usdollar #cbdc #privateliability #crossborderpayments #digitalassetsettlement #eurostablecoin

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Arqitech Deploys Canton Token Standard V2 in its Atomic Swap Protocol for Institutional Counterparties

Arqitech executes native multi-chain swaps of Canton Coin to Bitcoin, Ethereum, Solana and TRON with regulated firms who require full control of their assets and privacy

• Arqitech has successfully executed its first institutional atomic swaps on the Canton Network using its Canton Token Standard V2, enabling direct on-chain exchanges of Canton Coin for Bitcoin, Ethereum, Solana, and TRON.
• This protocol allows regulated firms to swap assets without intermediaries, maintaining full control of their private keys and adhering to strict privacy and compliance standards.
• The deployment signifies a step forward in institutional RWA liquidity and cross-chain interoperability, offering enhanced liquidity options while preserving Canton's secure settlement environment.

Topics: Blockchain usage, Integration with defi, Infrastructure providers, Non evm chains, Rwa collateral lending, Tokenization platforms

Tags: #arqitech #cantonnetwork #atomicswaps #tokenstandardv2 #institutionalcounterparties #multichainswaps #custody #privacy #digitalassetsettlement #interoperability

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