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JUST IN :
A coalition of global banking giants, including Citi and Goldman Sachs, alongside major asset managers, is launching a joint venture focused on creating a US dollar stablecoin for payments and digital asset settlement. This development signals a definitive shift from speculative trading to institutional infrastructure adoption. By building a regulated, bank-issued stablecoin, these institutions aim to capture the settlement layer for traditional finance, posing direct competition to existing crypto-native stablecoin issuers while validating the utility of blockchain for institutional capital transfer.