21 Major Banks Quietly Join Crypto Story Amid Stablecoin Announcement
Twenty-one major financial institutions made a joint announcement on September 2, 2026, that has sent shockwaves through the crypto community. Among the banks participating in this initiative are Bank of America, Goldman Sachs, Citi, Deutsche Bank, Wells Fargo, and UBS. Fidelity is also part of this group.
The announcement itself may seem like a routine update regarding stablecoins, but according to the source, there's more beneath the surface that matters significantly for the future of finance on-chain.
Bill Gates' famous quote, 'Banking is necessary, but banks are not,' has been a warning sign for decades. It appears that these twenty-one financial institutions have decided to change rather than risk finding out if the second half of this statement holds true.