There Won’t Be a 'Goldman Sachs Coin' Anytime Soon

Posted on by American Coins & Gold

There Won’t Be a 'Goldman Sachs Coin' Anytime Soon
Goldman Sachs is not currently planning on issuing an in-house digital token.“We have no immediate intention of creating a Goldman Sachs coin,” a spokesperson told CoinDesk.However, the New York-based bank is working with private partners on creating a stablecoin.“We continue to see value working closely with private institutions looking to create a ubiquitous stable coin that meets legal/regulatory requirements and has transparent governance,” a spokesperson said.In 2020, Goldman’s digital asset global head Matthew McDermott said that the bank was seriously considering its own cryptocurrency, possibly a stablecoin. He also hinted at a potential collaboration with social media giant Facebook (now…