NEW: A group of financial firms including Goldman Sachs, Citi, Santander and Deutsche Bank has committed around $270 million to a joint stablecoin venture known internally as Project Faro, Bloomberg reported, citing people familiar with the matter. The 21-member group announced the venture in September without naming it. The funding is intended to cover five years of operations, with the planned U.S.-incorporated company targeting a dollar stablecoin launch in the first half of 2027.