During this period, Deutsche Bank was named as one of 21 global financial institutions forming a consortium to issue a U.S. dollar stablecoin. The group, which includes Goldman Sachs and Citigroup, aims to launch the product in the first half of 2027, with a euro-denominated token also planned. This marks the first directly relevant business development for Deutsche Bank after several prior periods with no directly related events.
- Deutsche Bank joined a consortium of 21 institutions including Goldman Sachs, Citigroup, and Bank of America to form a company by end of 2026 for issuing a U.S. dollar stablecoin.
- The stablecoin is targeted for launch in the first half of 2027, enabling money movement on public blockchains including weekends and holidays.
- A euro-denominated token is also planned, positioning the consortium to compete with existing issuers like Tether.