A post by @WuBlockchain on X.
WuBlockchain Weekly: Goldman, Citi Back $270M Stablecoin Project, Ethereum Eyes Earlier Quantum Upgrade, Coinbase Wins Trust Bank Approval
@WuBlockchain on X
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Goldman Sachs, Citi and other financial institutions committed $270 million to a joint stablecoin project, marking continued Wall Street involvement in tokenized payment infrastructure. Ethlabs proposed accelerating Ethereum’s quantum-resistance upgrade, potentially moving the network’s post-quantum roadmap ahead of schedule. Coinbase secured trust bank approval, expanding its regulated banking footprint. The stablecoin funding signals growing institutional appetite for blockchain-based settlement, while the Ethereum proposal matters because quantum computing poses a long-term threat to current cryptographic standards. Watch for further details on the stablecoin consortium’s structure and launch timeline, progress on Ethereum’s quantum upgrade path, and how Coinbase’s trust bank status affects its custody and payment offerings.
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