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Major Banks Explore Joint Stablecoin Backed by G7 Currencies
Major Banks Explore Joint Stablecoin Backed by G7 Currencies
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BTCCSquare news:
A consortium of global financial institutions—including Banco Santander, Bank of America, and Goldman Sachs—is investigating the creation of a 1:1 reserve-backed digital currency pegged to G7 fiat. The initiative, which avoids explicit use of the term "stablecoin," aims to leverage public blockchain technology while adhering to regulatory frameworks.
The project signals accelerating institutional interest in tokenized money, with participants emphasizing competitive advantages and risk management. Unlike decentralized cryptocurrencies, this effort focuses on interoperability with traditional finance systems.
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