Goldman Sachs, BofA and others plan to issue dollar stablecoin together in 2027 - The Standard (HK)

A group of major financial institutions, including Goldman Sachs and Bank of America, are reportedly planning to jointly issue a US dollar-backed stablecoin, with a target launch in 2027. The report comes from *The Standard* (HK). If realized, the initiative would mark a significant step by traditional banking into the infrastructure of digital assets.

The move highlights growing institutional interest in stablecoins as a bridge between conventional finance and blockchain-based settlement. A bank-backed dollar stablecoin could offer an alternative to existing issuers such as Tether and Circle, potentially with a stronger emphasis on regulatory compliance and interbank integration. It also suggests banks are responding to demand for faster, cheaper cross-border payments, an area where stablecoins have already gained traction.

Details, however, remain preliminary. The success of such a plan would depend on regulatory approval, technical execution, and coordination among competing banks. Market observers will likely watch for official announcements, licensing strategies, and whether the coin would be accessible beyond bank platforms. For now, the proposal underscores how stablecoins are evolving from a niche crypto product into a mainstream financial instrument.