Portuguese 
English 
Spanish 
5 min of reading 
0 comments 
G7 Banks Join Forces to Create Stablecoins Backed by Official Currencies. Billion-Dollar Initiative Challenges the Dominance of the Digital Dollar and Promises to Redesign the Global Financial System by 2030.
The global financial system is about to undergo one of the biggest transformations since the creation of the credit card. Major banks from G7 countries – including Bank of America, Deutsche Bank, UBS, HSBC, and Goldman Sachs – have launched a historic alliance to create their own stablecoins, stable digital currencies, each backed by their respective national currency (dollar, euro, pound, yen, Swiss franc, and Canadian dollar).
The initiative, confirmed on October 10, 2025 by sources linked to the Financial Stability Board (FSB) and Reuters, represents the first coordinated effort among traditional financial giants to compete with private cryptocurrencies and the digital dollars (CBDCs) planned by governments. More than just a simple technological innovation, the project is a significant geopolitical and economic movement that threatens to redesign the global monetary balance.
The Birth of Digital Banking Currencies
The new stablecoins, according to the consortium, will operate in a standardized system among banks from G7 countries, with full backing from the banking reserves of the corresponding currencies.
-
Unlike Brazil, China has banned gambling and casinos to curb the rise of gambling addiction, blocks platforms, punishes operators, and maintains one of the strictest policies in the world to prevent billions from escaping the economy and to protect the population from the social impacts of gambling.
-
China could impose a quarantine on Taiwan without firing a shot, using the coast guard and inspections to force submission, blocking trade, raising insurance costs, and leaving the U.S. divided between reacting or accepting.
-
Millions of Brazilians over 60 years old do not know that they need a second document in addition to their ID to use exclusive parking spaces, and the infraction for not carrying it is considered very serious, with fines and vehicle towing.
-
Paraíba shoots up and has the most expensive square meter in the Northeast, and the increase in labor puts the region at the center of pressure, with Bahia recording the highest monthly increase in Brazil in construction.
This means that each issued unit will be fully backed by money held in accounts supervised by central banks, reducing the risk of collapses or deviations—a common issue in private cryptocurrencies.
Each institution will be responsible for issuing its version of the digital currency:
- Bank of America and Goldman Sachs will coordinate the U.S. dollar stablecoin;
- Deutsche Bank and BNP Paribas will handle the digital euro;
- UBS Group will work with tokenized Swiss franc;
- Mitsubishi UFJ Financial Group (MUFG) will oversee the private digital yen.
These currencies will circulate among businesses and individuals, enabling instant international transactions at virtually zero cost, all recorded on their own blockchain—a framework that promises to reconcile traditional banking security with the agility of decentralized systems.
The Banks’ Response to the Rise of Cryptocurrencies
The advancement of this initiative is a direct reaction to the hegemony of private stablecoins like Tether (USDT) and USD Coin (USDC), which together handle over US$ 180 billion daily in international transfers.
These currencies, although popular, operate outside the regulatory reach of central banks, which has always caused discomfort among governments and major financial institutions.
Now, banks want to “take back” this territory. The developing system will be compatible with networks such as Ethereum, Avalanche, and Hyperledger, but will have regulated control, mandatory KYC, and ongoing audit of reserves—the opposite of the anonymous and decentralized model that dominates the crypto market.
According to a report from the Bank for International Settlements (BIS), this type of banking tokenization is “inevitable” and is expected to become the primary means of international settlement by 2030.
The Geopolitical Impact: Who Wins and Who Loses
The creation of these official stablecoins represents a direct attack on the dominance of the digital dollar and the technological ambitions of other powers.
The U.S. government, for instance, has yet to define a single model for its CBDC and now sees its own banks advancing independently, with support from European entities.
China, on the other hand, watches with concern. Its digital yuan, officially launched in 2022, is already used in 25 countries in Asia and Africa as a means of bilateral payment. The emergence of private stablecoins from Western banks could restrict the global reach of the Chinese currency and fragment the international monetary architecture.
Analysts from Deutsche Bank Research estimate that if the consortium is successful, at least 30% of international transactions could migrate to banking blockchains by 2030, reducing currency exchange costs, fees, and settlement time. This undermines traditional intermediaries, including systems like SWIFT and correspondent banks, which currently dominate the transit of money across borders.
The New Architecture of Global Transactions
With banking stablecoins, transactions can be carried out in real-time, 24 hours a day, eliminating currency and operational barriers.
A customer in Paris, for example, could send digital euros instantly to New York, converting them into tokenized dollars without intermediaries—and all of this within a supervised and auditable framework.
Furthermore, the model paves the way for asset tokenization, allowing stocks, government bonds, commodities, and even real estate to circulate in the same digital financial environment. In other words: money, investments, and transactions will coexist in the same ecosystem.
According to financial analyst Michael Casey from CoinDesk,
“What is at stake is more than efficiency: it is financial sovereignty. Banks do not want the money of the future to be controlled by tech startups, but by themselves.”
And What About Brazil in All of This?
The Central Bank of Brazil is closely watching the movement. The Drex, Brazil’s developing digital currency, follows the same logic of public infrastructure and interoperability but with a national focus. The advancement of the G7 consortium is expected to accelerate the testing of Drex in the international environment, especially with partners like the BIS and the Bank for International Settlements.
Economist Gustavo Cunha, a specialist in crypto-economics, assesses that Brazil could benefit by integrating its digital currency into this new network of stablecoins:
“Brazil has the chance to join the table of global transactions with a sovereign and interoperable digital currency. It’s an opportunity to escape currency dependency and reduce logistical export costs.”
A New Global Monetary Map
The movement of G7 banks marks the beginning of a new era of convergence between traditional finance and blockchain. Digital money is moving from promise to becoming the central structure of international trade.
Banking stablecoins have the potential to:
- Reduce the use of physical dollars in global trade;
- Decrease the power of crypto giants like Tether and Circle;
- Create a new standard for more transparent and immediate international transactions.
The competition now is not just between governments and tech companies—it is a global race for control of the money of the future, where every second and every block of code matters.
-
-
-
-
-
8 pessoas reagiram a isso.