Goldman Sachs, BofA and others plan to issue dollar stablecoin together in 2027

A group of 21 financial institutions including Goldman Sachs , Bank of America and Deutsche Bank plan to create a company this year to issue a cryptocurrency pegged to the dollar in the first half of 2027, they said on Tuesday.The group, which was first announced in October 2025 when just ten banks were involved, said in a statement that it also aims to expand into stablecoins pegged to other G7 currencies, including the euro.