CoinDesk reports that Goldman Sachs and Citi are among banks committing $270 million to Project Faro, a venture aimed at issuing a dollar-denominated stablecoin. The project is expected to be incorporated in the U.S.
Based on the CoinDesk report; not independently verified.
Source published: Tue, 10 Nov 2026 17:32:22 +0000
[Read the original report](https://www.coindesk.com/business/2026/11/10/goldman-sachs-citi-among-banks-said-to-commit-usd270-million-to-stablecoin-venture)
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