Twenty-one major global financial institutions have begun work to jointly establish a stablecoin issuer, with a plan to launch a U.S. dollar-based stablecoin in the first half of 2027. Participants include Bank of America, Goldman Sachs, Citi, Deutsche Bank, UBS, Santander, MUFG and Fidelity Investments. The group plans to focus first on a dollar stablecoin and later expand to products based on other G7 currencies, with a euro stablecoin listed next.

XRP Ledger (XRPL) processed 222.4 million transactions in the second quarter of 2026, the second-highest quarterly total. Average daily transactions were 2.44 million, with failed transactions accounting for 24.5 percent. Activity indicators slowed, with active addresses and new addresses falling from the prior quarter. DEX volume dropped to $482.9 million. Token market value rose to $980.4 million, while stablecoin supply jumped to $825.5 million, led by RLUSD.