Traditional banks want a piece of the stablecoin pie.
Goldman Sachs, Citi, and other global banks have just committed $270 million to a project called Faro.
It’s an initiative designed to compete directly with giants like Tether and Circle.
The capital will fund five years of operations for this new U.S.-based issuer.
It’s interesting to see major financial institutions jumping into this space in a big way.
What do you think of this move by the banks?
$BTC #Stablecoins #Crypto
Goldman Sachs, Citi, and other global banks have just committed $270 million to a project called Faro.
It’s an initiative designed to compete directly with giants like Tether and Circle.
The capital will fund five years of operations for this new U.S.-based issuer.
It’s interesting to see major financial institutions jumping into this space in a big way.
What do you think of this move by the banks?
$BTC #Stablecoins #Crypto
