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Major banks form JV to launch regulated dollar stablecoin, challenging Tether and Circle
ClarínLO·US · ES · GB·about 7 hours ago
A consortium of 21 global financial institutions plans to issue USD-denominated stablecoins, marking a strategic shift from defensive observation to active market participation in blockchain-based liquidity. The token is expected in H1 2027, signaling banks' intent to compete in the digital asset space. Uncertainty remains over regulatory approval and technical implementation.