Breaking news: Major global banks are making a bold move into crypto.
Ten of the world’s largest financial institutions — including Bank of America, Goldman Sachs, Deutsche Bank, Citi, and UBS — have announced their joint initiative called Stadcon.
This new digital currency network is pegged 1:1 with the major G7 currencies — USD, EUR, GBP, JPY, CAD, and CHF — and will function directly on public blockchains.
Picture this: a digital dollar or euro that’s fully backed by reserves, transferring across multiple chains within seconds — no middlemen, no friction, and instant settlement.
This isn’t an experimental pilot or limited test. It marks a turning point where traditional banking infrastructure merges with decentralized blockchain technology.
For years, stablecoins like USDT and USDC have led the market. Now, with banks introducing their own liquidity-backed tokens, Stadcon has the potential to redefine global finance.
Regulators are reportedly uneasy as this shift could reduce their control over digital money. If the rollout succeeds, it may signal the start of a new era for crypto — one driven by institutional adoption.
Tokens to watch:
USD1: The new Stadcon token gaining major attention
BNB: The backbone of blockchain operations
XRP: A leading choice for interbank transfers
Market snapshot:
XRP: $2.54 (-4.77%)
BNB: $1,296.44 (-0.31%)
USD1: $0.999 (-0.02%)
The line between traditional finance and decentralized finance is fading fast, and a new financial system is emerging right before our eyes.
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