Goldman Sachs, Bank of America, the ECB, and Christine Lagarde are planning a joint stablecoin consortium that competes with central bank monetary policy.

The entities involved

• Goldman Sachs →

  American investment bank

  • US-Iran truce aims to reopen Strait of Hormuz amid global monetary policy shifts and oil price drops.Mon 17:37
  • Goldman Sachs, Morgan Stanley, JPMorgan Chase, and Bank of America are competing in the global investment banking sector.Mon 17:24
• Bank of America →

  American multinational banking and financial services corporation

  • Both Bank of America and Deloitte have addressed current treasury management trends.Mon 14:26
  • Disputes intensified over foreign policy comparisons in the Middle East, driving oil market volatility.Mon 14:11
• European Central Bank →

  central bank of the European Union and the eurozone

  • The European Central Bank is forced to raise interest rates due to energy price shocks from the Iran war and an influx of Chinese exports.Mon 17:49
  • ECB has established swap line arrangements with central banks, with the ECB President leading central bank operations.Mon 17:35

Related events

• Banks are launching stablecoin initiatives as a competitive strategy to counteract the growing market share of non-bank financial competitors.Sep 2
• Bank of America, Wells Fargo, Santander Group, Ark Invest, and Bitcoin are exploring stablecoin ventures as part of a new group.Sep 3
• FED issues warnings regarding central bank credibility.Aug 6
• The IMF is monitoring risks from stablecoin growth, while the ECB has been laying the technical groundwork for the digital euro, amidst broader discussions on CBDCs.Thu 02:56
• Major central banks (FED, BOJ, ECB) are converging on simultaneous tightening policy paths, driven by domestic yields and market expectations.Sep 16