21 banks — Goldman, Citi, BofA, Deutsche, etc. — are pooling up to launch their own dollar stablecoin. Target: H1 2027. Euro version after that.

This was 10 banks in October. Now it's 21.

TradFi isn't just watching anymore. They're building the rails. And when they move, they move slow but heavy.

Still 2+ years out, but the fact they're coordinating at this scale says something about where they think this is going.