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A consortium of 21 global banks, including Goldman Sachs and MUFG Bank, is moving to set up a new company dedicated to issuing stablecoins, pulling regulated bank balance sheets directly into a market currently dominated by Tether and Circle. The transmission channel is competitive and structural rather than immediate spot price: bank-issued tokens would route settlement and treasury flows through regulated rails, pressuring incumbent issuer market share and fee economics while legitimizing on-chain payment volume that benefits smart-contract settlement layers. Key watch items are the currencies of denomination, the regulatory home jurisdiction, and whether the venture reaches a concrete launch timeline, since an announcement without capital commitments and licensing would leave USDT and USDC share largely intact.
As a Crypto signal, watch whether it changes price action, volatility, or flows around ETH, GS, COIN.
Original Source: CoinPost
This page is market information analysis, not investment advice.
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