Goldman Sachs, Citi Among Banks Pledging About $270M for Stablecoin Project

Goldman Sachs, Citi and other financial institutions have committed about $270 million to a joint stablecoin project, with Santander and Deutsche Bank also among the named participants. The pledge brings several major banking institutions into a shared effort focused on stablecoins.

The commitment is for the project as a whole. The total commitment is about $270 million.