According to CoinMeta, Bank of America, Citibank, Goldman Sachs, and 18 other financial institutions pledged on September 1st to establish a stablecoin company in the second half of 2026, with plans to issue a dollar-denominated stablecoin in the first half of 2027. The group stated that in the future, they may launch tokens pegged to other G7 currencies, with the initial expansion target being a euro stablecoin. The project aims to use these tokens across wholesale, institutional, and retail markets, with the intention of utilizing them for cross-border payments and settlement of digital asset transactions. The plan is still in the development stage and has not yet been officially launched.