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
CO
CointelegraphBy Cointelegraph by Isabelle Castro
EXECUTIVE SUMMARY
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.
Key Takeaways
- 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.
- 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.
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