Goldman, Citi Among Banks in $270 Million Stablecoin Backing
THE SO WHAT
When Goldman, Citi, Santander, and Deutsche collectively put ~$270M behind a joint stablecoin, they’re signaling they want a direct seat in tokenized money flows, not just to bank the issuers. If you touch payments or treasury, assume large banks will soon offer “on-chain rails with bank wrappers” and plan integrations and counterparty risk accordingly.
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