Goldman, Citi and Global Banks Commit $270 Million to Challenge Crypto’s Stablecoin Giants

Decrypt Staff

21 hours ago

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Goldman, Citi and Global Banks Commit $270 Million to Challenge Crypto’s Stablecoin Giants

The funding, backing a U.S.-incorporated issuer codenamed “Project Faro,” covers five years of operations as traditional lenders move to challenge crypto-native giants Tether and Circle.

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Goldman, Citi and Global Banks Commit $270 Million to Challenge Crypto’s Stablecoin Giants

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