The competition for USDT is finally here! Bank of America and Goldman Sachs and Citigroup lead: 21 global top banks form a coalition to launch a stablecoin
Overseas Perspective | Digital Finance Special
In just one day yesterday, the global financial community was almost simultaneously rocked by two major pieces of news—one even heavier than the next.
First, Merrill Lynch, Citigroup, Goldman Sachs, Bank of America, UBS, Deutsche Bank… 21 of the world’s top financial institutions have officially announced that they’re banding together to form a new company that will issue its own stablecoin.
Second, the London Stock Exchange announced a partnership with Kraken’s parent company, Payward, to tokenize the 100 largest publicly listed companies in the UK and move them onto the blockchain. Over the past few years, traditional finance’s stance toward crypto has shifted from scolding to watching, and then to cautiously testing.