🏦 Wall Street Banks Plan $270M Stablecoin Venture According to Bloomberg, Goldman Sachs, Citigroup, Santander and Deutsche Bank are among 21 financial institutions backing Project Faro. The venture plans to launch a U.S. dollar stablecoin in the first half of 2027, followed by a euro-denominated token. With approximately $270 million committed, the initiative aims to challenge Tether and Circle's dominance. Could traditional banks become the next major stablecoin issuers? ripple:native