Banks accelerate stablecoin issuance: 21 financial institutions plan 2026 launch
- —21 banks, including BofA, Citi and Goldman Sachs, are creating a framework for stablecoin issuance
- —Stablecoin supply has grown from $27 billion in 2020 to more than $300 billion
- —B2B stablecoin payments reached $226 billion over the year, up 733%
- —SoFi Bank opened SoFiUSD to about 15 million customers, and JPMorgan uses JPMD on the Base network
Why it matters: Major banks entering the stablecoin market will intensify competition with Tether and Circle and accelerate institutional adoption of digital dollars.
Source: BeInCrypto KR