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Goldman Sachs To Launch Its Own Stablecoin On Blockchain

Goldman Sachs may soon introduce its own stablecoin, according to Matthew McDermott, the company’s global head of digital assets. Goldman Sachs is considering a stablecoin that is price-pegged to the U.S. dollar or a similar national currency. Context suggests that the token will be built on a blockchain or distributed ledger, like Ethereum’s Quorum. McDermott is advocating for a “financial system where all assets and liabilities are native to a blockchain.” #Crypto #CryptoNews #CryptoCrunchApp