Daily Summary2026-09-03

A consortium of 21 major financial institutions — including Bank of America, Citigroup, Wells Fargo and Goldman Sachs — has committed to jointly issuing a dollar stablecoin with a reported 2027 target, per The Defiant and Decrypt, with coverage framing the venture as a response to the GENIUS Act's framework. Six consortium members — Citi, Bank of America, Wells Fargo, PNC, Santander and TD — are also owner banks of The Clearing House, whose tokenised-deposit network targets the same window.