Why Ten Global Banks Are Creating Their Own “Stablecoin” — and Why Christians Should Be Alarmed

Last week, ten of the world’s biggest banks quietly announced they’re working together on a new “form of digital money.”

They used friendly phrases like “industry-wide offering” and “public blockchain.”

But make no mistake — this isn’t innovation. It’s consolidation.

Behind those polite banking words lies a plan to replace your dollar with a programmable, trackable, and controllable digital token—issued not by the government, but by the same corporate giants that fund censorship, ESG mandates, and political blacklists.

A United Front of Global Banks

The list reads like a roll call from the Financial G7:

Bank of America, Citi, Goldman Sachs, Deutsche Bank, Barclays, BNP Paribas, UBS, Santander, MUFG, and TD Bank.

They say their goal is to create a “1:1 reserve-backed form of digital money” tied to the U.S. dollar, euro, pound, and yen.

Sound familiar?

That’s the definition of a stablecoin — the same kind of digital token that crypto traders use to move money quickly online.

Only this time, it’s run by the very institutions crypto was meant to escape.

From Innovation to Infiltration

When President Trump signed the GENIUS Act in July, it was supposed to bring transparency and accountability to the Wild West of digital currencies.

But it also gave banks and Big Tech a green light: Go ahead, issue your own coins — just follow the new rules.

Now the rules are written, and the banks are moving in.

And here’s the irony: the same Washington bureaucrats who once denounced crypto as dangerous are now cheering this “safe” version — because it keeps control in their hands.

The Endgame: Programmable Money

Imagine a future where every transaction — every donation, every purchase, every tithe — must pass through a digital filter managed by a global banking consortium.

Want to support a pro-life organization? Buy a book critical of gender ideology? Donate to a Christian mission in Africa?

If your money lives on their blockchain, they can decide if that transaction clears.

It’s the soft launch of what globalists have long dreamed about: a G7-aligned digital currency system that looks private but answers to the same regulators who talk daily about “misinformation” and “extremism.”

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Why Christians Must Prepare

This is exactly why we’ve been working on Dove Coin — a faith-based digital asset designed to safeguard freedom of giving and prevent financial censorship before it happens.

Because if Bank of America, Citi, and Goldman Sachs are writing the next chapter of money, then Christians need to start writing our own.

The Bible warns that control over buying and selling is the final tool of tyranny.

As Revelation 13:16-17 tells us, there will come a time when “no man might buy or sell” without the mark of submission.

What we’re witnessing now is the infrastructure for that control — dressed up as “innovation.

Let’s Dig Deeper

So what does a “1:1 reserve-backed stablecoin” actually mean — and how would this new G7 plan work?

In simple terms, a stablecoin is a digital version of money that’s tied directly to traditional currency. If you have one “digital dollar,” there’s supposed to be one real U.S. dollar sitting in a bank vault or government bond somewhere backing it up.

Now take that same idea and apply it globally. The world’s biggest banks want to issue digital tokens backed by their home currencies — dollars in America, euros in Europe, yen in Japan, pounds in the U.K., and so on. Each token moves on a blockchain, which lets it travel instantly across borders.

Sounds convenient, right? But here’s the catch. Because the system would be interconnected under G7 oversight, these digital tokens could one day merge into a single coordinated payment network — one that knows who you are, where you spend, and what you’re buying.

It’s sold as efficiency. But in practice, it’s the foundation for programmable money — where spending rules can be written directly into the code.

That’s why Christians and freedom-minded people must watch this closely. It’s not just about faster payments. It’s about who controls the switch that turns your money on or off.

Final Thought

Ten banks. One digital token. Global coordination.

And all under the banner of “innovation.”

Call it what you want — it’s a banker’s coup over the future of money.

The only question left is: will Christians have their own ark when the flood of digital control comes?

Subscribe and learn more about Dove Coin — the Christian alternative to global stablecoins

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Martin Mawyer is the President of Christian Action Network, host of the “Shout Out Patriots” podcast, and author of When Evil Stops Hiding. Subscribe for more action alerts, cultural commentary, and real-world campaigns defending faith, family, and freedom.