---
title: "Goldman Sachs, Citi among banks said to commit $270 million to stablecoin venture"
url: https://thecoingazette.com/goldman-sachs-citi-among-banks-said-to-commit-270-million-to-stablecoin-venture/
date: 2026-11-10
modified: 2026-11-10
lang: en
author: "Coin Gazette Editorial"
description: "The venture, known as Project Faro, plans to issue a dollar-denominated stablecoin and is expected to be incorporated in the U.S."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 21
---

# Goldman Sachs, Citi among banks said to commit $270 million to stablecoin venture

The venture, known as Project Faro, plans to issue a dollar-denominated stablecoin and is expected to be incorporated in the U.S.