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Project Faro, the stablecoin venture backed by Goldman Sachs, Citigroup and 19 other financial firms, has about $270 million committed to fund its first five years and is looking…

Laura Shin
Published: 2026-11-10 20:23 UTC
Collected: 2026-11-10 21:41 UTC
Original language: Not supplied by source
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Original source excerpt

Project Faro, the stablecoin venture backed by Goldman Sachs, Citigroup and 19 other financial firms, has about $270 million committed to fund its first five years and is looking for a CEO, according …

Project Faro, the stablecoin venture backed by Goldman Sachs, Citigroup and 19 other financial firms, has about $270 million committed to fund its first five years and is looking for a CEO, according to a report. Its dollar token would enter a market where USDT and USDC hold about 84% of supply. https://t.co/sjeKFwh0qV

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