According to CoinMeta, 21 banks and asset management companies, including Goldman Sachs and Citibank, have committed to investing approximately $270 million in companies that plan to issue US dollar-stabilized tokens, with the aim of supporting their operations for five years. The project is named Project Faro and is expected to be launched in the first half of 2027, with the goal of competing with Tether and Circle. The investment will be used for aspects such as personnel, technology, compliance, and licensing for the issuers, and the subsequent reserves of tokens will come from customers who purchase them.