Goldman, Citi and other big banks put $270 million behind their own stablecoin

Wall Street is officially moving to hijack the digital dollar. Giants like Goldman Sachs and Citi are pouring $270 million into Project Faro to launch their own stablecoin, aiming to dismantle the 85% market dominance held by Tether and Circle. It’s a bold attempt to centralize a space built to bypass big banks, even as the market cools. Can traditional institutions actually out-crypto the crypto natives, or is this just a late-game power grab destined to fail? What’s your take?
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