---
title: "Bank Consortium USD Stablecoin (USD-CONSORTIUM) Stablecoin Analytics"
canonical: "https://pharos.watch/stablecoin/usd-bank-consortium/"
description: "Build-time stablecoin profile for Bank Consortium USD Stablecoin (USD-CONSORTIUM)."
dateModified: "2026-09-27"
---



# Bank Consortium USD Stablecoin (USD-CONSORTIUM)

**Peg:** US Dollar

**Backing:** Real-World Asset Backed

**Governance:** Centralized (CeFi)

**Status:** pre-launch

## Overview

On September 1 2026 twenty-one financial institutions led by Bank of America, Citi, Goldman Sachs, Deutsche Bank, Santander, and UBS announced they will found a joint company, name to be announced, to issue a dollar stablecoin spanning wholesale, institutional, and retail payments, with a euro token as the next priority. The company is to be established in H2 2026, subject to closing conditions, with market entry targeted for H1 2027 and GENIUS Act and MiCA compliance intended where applicable. The commitment extends exploration that began with ten banks in October 2025 around a 1:1 reserve-backed digital money for public blockchains. Everything Pharos measures is still absent: no company name, ticker, chain, contracts, reserve composition, custodian, or attestation. Until those land, this entry records intent by named institutions rather than a measurable issuer.

## Collateral

Pre-launch: the joint venture has announced no reserve composition, custodians, or attestation arrangements. The October 2025 precursor announcement from an initial group of ten banks described the initiative as a 1:1 reserve-backed form of digital money providing a stable payment asset available on public blockchains.

## Peg Mechanism

Pre-launch: issuer-managed USD-denominated stablecoin intended for wholesale, institutional, and retail use cases including cross-border payments and digital asset settlement. Mint, redemption, and reserve-reporting design have not been published; the group intends to be GENIUS Act and MiCA-compliant, as applicable.

## Jurisdiction

| Country | Regulator | License |
| --- | --- | --- |
| Multinational joint venture (North America, Europe, East Asia, Middle East, Africa) | N/A | N/A |

## Live Data

This is a pre-launch stablecoin profile. Live API data is not available until launch.