Is a Goldman Sachs Cryptocurrency Coming?

Thus, a stablecoin is a lot like a bond or a checking account. Two instruments that Goldman Sachs is very familiar with. Notably, Goldman Coins could use a stablecoin to make US Dollar payments to account holders in other countries. Theoretically, stablecoin payment could be faster, cheaper, more secure, and easier than traditional wire transfers.

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Goldman Sachs is on a Roll

A nightmare for GS would be competitors trying to label it as Trump’s bank or racist. Goldman Sachs will need to address the Trump links and find some way to distance itself from the President. If it cannot those political ties might damage the business.

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