Wells Fargo Targets First-Half 2027 Stablecoin Issuance

Wells Fargo and 20 international financial institutions are targeting the first-half of 2027 to begin issuing a U.S. dollar-denominated stablecoin for payments and digital-asset settlement, despite uncertainty over U.S. use cases. The institutions plan to establish a new company during the second half of 2026, subject to closing conditions. The proposed stablecoin would support wholesale, institutional and retail payments, cross-border payments and digital-asset settlement. Wells Fargo Chairman and CEO Charlie Scharf said during the bank’s Oct. 13 earnings call at 10 a.m. ET (14:00 UTC), “Use cases in the U.S.