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RegulationSource: CoinCentral ·

Citigroup and Goldman Sachs Put $270 Million Behind Faro Stablecoin Plan

A group of banks has committed about $270 million to Project Faro, a joint stablecoin company. The money is meant to cover five years of operating costs. Faro plans to launch a US dollar stablecoin in the first half of 2027.

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