Bank of America, Citi, Goldman Sachs, UBS, Deutsche Bank and 16 other firms said Tuesday they will incorporate a company in the second half of 2026 to issue a dollar stablecoin, with a market launch targeted for the first half of 2027. The announcement did not name the company, its owners, its executives or the blockchain it will use.

The Chiliz Group announced the equity token product on Aug. 27 without naming an issuer. The EU regime the companies say the first offering would run through admits shares only from issuers worth less than €500 million.

The exchange also introduced 24/7 perpetual futures on MU, SNDK, SPY and QQQ, but its post did not specify key collateral and liquidation terms.

The proposal would update electronic recordkeeping rules and add risk-management and compliance requirements for registered transfer agents using blockchain systems.

ARB led the 108 largest non-stablecoin tokens after chain fees on Robinhood's network doubled in a day, taking the Arbitrum DAO's contractual 10% cut to roughly $192,000 a day. Bitcoin fell 0.7% while Japanese and U.S. government bond yields rose and gold dropped 1.9%.

Eligible investors can now borrow USDG against a fund holding high-yield corporate bonds and CLO tranches, collateral whose value moves daily with credit spreads.

The reported plan would route U.S. traders through CFTC-regulated Bitnomial, while neither Payward nor Hyperliquid has confirmed a deal.

Polymarket prices a quarter-point hike at 55.5% after Kevin Warsh's Jackson Hole speech, against 28% on Friday afternoon. Bitcoin is down 0.7% on the day and 24.5% higher since the start of August, while 88 of the 125 largest non-stablecoin tokens fell.

The $12.7 billion staked balance was unchanged in four weekly readings, while BitMine added 53,501 ETH and reported $335 million in annualized staking revenue.

The expansion is contingent on new crypto rules taking full effect and the Bank of Russia permitting the assets for public circulation.