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

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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.

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

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

Source：Cointelegraph

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Source：https://cointelegraph.com/news/banks-270m-project-faro-stablecoin-2027