Now Playing
Wall Street's Stablecoin Gambit, Chainlink's $16T Bridge & Embedded Banking | Ep 1
Audio is available on Spreaker — see link below.
Twenty-one banks including Goldman Sachs and Citi are plotting a dollar stablecoin to rival USDT and USDC — but fragmented liquidity may be the fatal flaw. Plus: Chainlink bridges $16 trillion in payments, FIS launches embedded banking, and AI fuels a bond issuance surge.
Audio is available on Spreaker — see link below.
A group of twenty-one banks, including Bank of America, Citigroup, and Goldman Sachs, is planning to launch a dollar-backed stablecoin in the first half of twenty twenty-seven. That's the biggest coordinated challenge to the USDT and USDC duopoly we've seen from traditional finance.
Here's the key implication the consortium hasn't fully answered yet. No single legal issuer has been named.
Separate from the stablecoin story, Chainlink has partnered with Bottomline to connect over six hundred bank customers to public and private blockchains. Bottomline processes sixteen trillion dollars in annual payments.
FIS is moving in a different direction. The company has launched an embedded banking platform that lets US banks place accounts and payments directly inside partner software.
One more development worth tracking. Goldman Sachs has raised its twenty twenty-six investment-grade bond issuance forecast to two point three trillion dollars, up from two point one trillion.
The near-term signals to track are straightforward. For the bank stablecoin, watch H2 twenty twenty-six for which legal entity the consortium names as issuer, and which exchanges confirm support.
Chapter summary auto-generated from the verified script. Listen to the full episode for the complete content.