Major U.S. banks Goldman Sachs and Citigroup, along with Germany's Deutsche Bank, have pledged to invest approximately $270 million (about 42.8 billion yen) in a joint company that will issue dollar-denominated stablecoins. Bloomberg reported this on the 11th, citing sources familiar with the matter.
This initiative is referred to as 'Project Faro' among participants, where financial institutions pool their resources and customer networks to focus on cryptocurrency as a core...