Citi, Goldman, other global banks and asset managers team up on stablecoin venture
The group will focus first on a U.S. dollar stablecoin for payments and digital asset settlement, with a euro token a priority for expansion.
The group will focus first on a U.S. dollar stablecoin for payments and digital asset settlement, with a euro token a priority for expansion.
The pullback marks a sharp reversal from expectations at the start of 2026, when many industry executives anticipated a wave of crypto listings following successful IPOs by Circle (CRCL) and CoinDesk’s owner Bullish (BLSH). Crypto investors also worry that this year’s blockbuster AI-related IPOs are… Read More
Investors who thrive on bitcoin’s BTC$74,240.86 wild price swings may be in for disappointment. Major banks are preparing to introduce new products that could dampen volatility in a market that has already become significantly calmer in recent years. Most recently, Goldman Sachs filed an application… Read More
Goldman Sachs filed an application for a Bitcoin Premium Income exchange-traded fund (ETF) on Monday, marking one of the bank’s first direct pushes into the cryptocurrency investment space. The proposed fund would give investors exposure to bitcoin BTC$74,874.04 while generating income through a premium-based strategy.… Read More
Goldman Sachs (GS) buying an exchange-traded fund (ETF) issuer for about $2 billion doesn’t seem like it has much to do with crypto at first. However, the Wall Street banking giant’s purchase of Innovator Capital has implications that can shake up the entire crypto industry,… Read More