Defi
Citigroup and Goldman Sachs Put $270 Million Behind Faro Stablecoin Plan
CoinCentral·November 11, 2026·1 min read
Citigroup and Goldman Sachs, among other banks, committed about $270 million to Project Faro, a joint stablecoin company. The funds cover five years of operating costs. Faro plans to launch a US dollar stablecoin in the first half of 2027, with some members also involved in rival projects like Open USD.
Read at CoinCentralDaily crypto arcade
Read the news, then play it.
Chainshorts turns crypto headlines into a daily game. Catch up in 60 words, then jump into daily lucky draws for a shot at the pot.