CoinDeskCoinDesk reported that 21 global banks and asset managers formed a joint venture initially focused on a U.S. dollar stablecoin for payments and digital-asset settlement, with a euro token identified as a later priority. Participants cited include Bank of America, Citi and Goldman Sachs.
Participating institutions
Watch whether follow-up sources disclose confirmed customers, supported markets, pricing, transaction activity, and a primary-source update. Also confirm the regulatory setup for the stablecoin, custody, and fiat on/off ramps.
citi-goldman-other-global-banks-and-asset-managers-tea-2a4b3275The page already presents the summary and analysis. This section keeps only the copy, download, and technical source record without repeating the same reading view.
# Citi, Goldman and Other Financial Institutions Form Stablecoin Venture > Evidence tier: B2 > Evidence type: Independent report on a 21-institution stablecoin venture > Source: [CoinDesk](https://www.coindesk.com/business/2026/09/01/citi-goldman-other-global-banks-and-asset-managers-team-up-on-stablecoin-venture) > Published: 2026-09-01 > Captured: 2026-09-02T02:37:11.905Z ## Source summary CoinDesk reported that 21 global banks and asset managers formed a joint venture initially focused on a U.S. dollar stablecoin for payments and digital-asset settlement, with a euro token identified as a later priority. Participants cited include Bank of America, Citi and Goldman Sachs. ## Why it matters A coordinated bank-led effort could affect institutional settlement and cross-border tokenized-money infrastructure. The venture is still pre-launch: no token has been issued and the report gives no operating network, regulatory approval, launch date, live volume or cost result. ## Key numbers - **Participating institutions:** 21 ## Topics and entities - Industry lane: Web3 & stablecoin payments - Entities: Bank of America / Citi / Goldman Sachs / international financial consortium - Cross-border payments - Web3 payments - Payment infrastructure ## Evidence and credibility note Readable independent financial-media report. Consortium formation and stated priorities are supported; issuance, approvals and operating outcomes are not yet established. Date evidence: Automatically verified from JSON-LD datePublished: 2026-09-01T15:36:27.563Z ## First-party corroboration No directly corresponding A1 company announcement is currently linked. ## Original-source traceback [Open the original CoinDesk report](https://www.coindesk.com/business/2026/09/01/citi-goldman-other-global-banks-and-asset-managers-team-up-on-stablecoin-venture) --- This is a structured Payments Hot Markdown source summary derived from external reporting. Use the original link above to read the publisher's article; copyright remains with the original publisher.