Global banks commit $270M to stablecoin venture targeting 2027 launch

Nov 10, 2026 - 15:30
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Global banks commit $270M to stablecoin venture targeting 2027 launch

Global banks commit $270M to stablecoin venture targeting 2027 launch

Project Faro, backed by Goldman Sachs, Citigroup and BBVA, has secured $270 million in funding to launch a US dollar stablecoin in the first half of 2027.

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