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Goldman and Citi back reported $270m bank stablecoin venture
Bloomberg reports roughly $270m in commitments for Project Faro’s operations. The 21-institution consortium targets a dollar stablecoin in the first half of 2027.
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TIME-SENSITIVEupdated 9 November 2026
The marketBitcoin traded at $74,091 and Ether at $2,105.94 at 09:27 UTC on 9 November. CoinGecko’s separately timed global snapshot valued the crypto market at about $2.47tn. Bitcoin was about 41% below its October 2025 record.Digital dollarsDefiLlama’s 9 November daily series records $294.75bn across all stablecoin pegs, including $292.95bn in dollar-pegged tokens. Ripple says the OCC granted final approval for Ripple National Trust Bank on 26 October. Its approved role includes RLUSD reserve management and acting as collateral trustee. Standard Custody & Trust Company continues as the New York-regulated issuer, and BNY remains the primary reserve custodian.DeFiDeFi protocols held $77.94bn in DefiLlama’s daily record for 9 November. Solana’s Votor consensus upgrade activated on 21 October. Ethereum’s Glamsterdam remains delayed while developers test the new gas rules.
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All briefings →11 Nov 2026 · 00:02:17The banks’ planned dollar stablecoinBloomberg reports roughly $270m in commitments for Project Faro’s operations. The 21-institution consortium targets a dollar stablecoin in the first half of 2027.09 Nov 2026 · 00:02:27Solana’s offline signing changeSolana’s draft SIMD-0723 would retire durable nonces no earlier than 5 May 2027. Custodians face a migration to programme-based offline signing.