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Goldman Sachs, Citi among banks said to commit $270 million to stablecoin venture

CoinDeskBy Jamie Crawley

11/10/2026, 5:32:22 PM

EXECUTIVE SUMMARY

The venture, known as Project Faro, plans to issue a dollar-denominated stablecoin and is expected to be incorporated in the U.S.

Goldman Sachs, Citi among banks said to commit $270 million to stablecoin venture.
The venture, known as Project Faro, plans to issue a dollar-denominated stablecoin and is expected to be incorporated in the U.S.
The venture, known as Project Faro, plans to issue a dollar-denominated stablecoin and is expected to be incorporated in the U.S.

The venture, known as Project Faro, plans to issue a dollar-denominated stablecoin and is expected to be incorporated in the U.S.

Published originally on CoinDesk

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