CryptoUpdated November 13

Project Faro plans later expansion into other currencies.

The dollar is the opening move, not the whole plan. Wu Blockchain, citing people familiar with the matter, reports that the 21-institution group plans to establish a stablecoin issuer in the United States and launch a U.S.-dollar stablecoin in the first half of 2027. Later, it intends to expand into other currencies such as the euro. The euro is on the roadmap, just not in the first launch.

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Coverage started November 13