{"id":249999,"date":"2026-11-10T20:50:20","date_gmt":"2026-11-10T20:50:20","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=249999"},"modified":"2026-11-10T20:50:20","modified_gmt":"2026-11-10T20:50:20","slug":"wall-street-banks-commit-270m-to-stablecoin-challenger-project-faro-bloomberg","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=249999","title":{"rendered":"Wall Street Banks Commit $270M to Stablecoin Challenger Project Faro: Bloomberg"},"content":{"rendered":"<p>A formidable coalition of 21 financial institutions, including Goldman Sachs, Citigroup, and Bank of America, has committed approximately $270 million to a joint stablecoin venture known internally as Project Faro. According to \u201cpeople familiar with the matter,\u201d speaking with Bloomberg, the banking consortium is targeting a commercial launch in 2027. \u00a0 Banking Giants Assemble $270 [\u2026]<\/p>","protected":false},"excerpt":{"rendered":"<p>A formidable coalition of 21 financial institutions, including Goldman Sachs, Citigroup, and Bank of America, has committed approximately $270 million to a joint stablecoin venture known internally as Project Faro. According to \u201cpeople familiar with the matter,\u201d speaking with Bloomberg, the banking consortium is targeting a commercial launch in 2027. \u00a0 Banking Giants Assemble $270 [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":250000,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-249999","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/249999"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=249999"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/249999\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/250000"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=249999"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=249999"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=249999"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}