Goldman Sachs, Bank of America and 19 other financial institutions committed to form a global stablecoin company targeting a dollar-token launch in early 2027.
Visa has launched its Stablecoin Platform for banks and fintechs, starting with Open USD as it targets integration across a network of more than 200 million merchants.
The Bank of England dropped individual stablecoin holding limits, set a £40 billion cap per systemic coin and raised permitted UK gilt backing to 70%.