banks just funded their own stablecoin with $270m
goldman, citigroup and bbva are behind project faro
target is a us dollar stablecoin in the first half of 2027
my read: this is not an adoption story, it is a margin story
they are not trying to beat usdt on speed, they want the settlement rail their own books already run on
crypto native stables win on reach, banks win on the door they already walk through
what to watch is not the launch date, it is whether faro settles on a public chain or a permissioned one
that one answer decides who collects the fee
goldman, citigroup and bbva are behind project faro
target is a us dollar stablecoin in the first half of 2027
my read: this is not an adoption story, it is a margin story
they are not trying to beat usdt on speed, they want the settlement rail their own books already run on
crypto native stables win on reach, banks win on the door they already walk through
what to watch is not the launch date, it is whether faro settles on a public chain or a permissioned one
that one answer decides who collects the fee
