G20 Backs Digital Assets Growth Amid Stablecoin Plans from Top Banks

The G20 has given its backing to the growth of digital assets, recognizing their potential to support economic growth.

The group's statement emphasized the need for clear pathways for responsible innovation in digital assets while ensuring financial stability and trust in payment systems.

The focus on stablecoins and cross-border payments remains high, with the G20 awaiting the Financial Stability Board's findings on global stablecoin arrangements.

21 major banks, including Goldman Sachs (GS), Citi (C), and Bank of America (BoFA), plan to establish a stablecoin company in 2027, following their earlier announcement to launch in the second half of 2026.