Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Today in crypto, 21 major financial institutions, including Bank of America, Citi and Goldman Sachs, unveiled plans for a stablecoin venture targeting a 2027 launch. Meanwhile, Singapore is considering recognizing certain jointly issued and foreign-regulated stablecoins, while Thailand’s securities regulator is seeking feedback on rules that could give retail investors access to qualifying overseas crypto derivatives.

A consortium of 21 major financial institutions, including Bank of America, Citi and Goldman Sachs, plans to form a company that will issue a US dollar-denominated stablecoin in the first half of 2027.

The group also includes Deutsche Bank, UBS, Santander, MUFG and Fidelity Investments. Its planned stablecoin will serve wholesale, institutional and retail markets, with potential uses including cross-border payments and digital asset settlement.

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