Major Banks Form Consortium to Explore G7 Currency Stablecoin Issuance

The consortium is establishing a compliant, shared-ledger framework to enhance global liquidity and reduce correspondent banking friction for wholesale settlement.
Nine Global Banks Form Consortium to Issue G7 Currency-Backed Digital Money

This consortium aims to architect a unified, regulatory-compliant payment rail, leveraging public DLT to deliver instant, capital-efficient cross-border settlement for G7 currencies.