Citigroup has revealed it is exploring the creation of a proprietary stablecoin, signaling deeper involvement in digital payments and tokenized banking.
CEO Jane Fraser discussed the move during an analyst briefing following the bank’s latest earnings report, according to Reuters.
While the idea of a “Citi stablecoin” is on the table, Fraser emphasized the bank’s priority lies in developing tokenized deposit infrastructure. She also hinted at potential roles for Citigroup in managing stablecoin reserves and offering crypto custody services.
The announcement comes amid a wave of stablecoin adoption by U.S. financial giants. JPMorgan, once openly skeptical of crypto, is now developing its own blockchain asset dubbed “JPMD,” while DTCC is also reportedly working on a stablecoin initiative.
This institutional momentum aligns with a shifting regulatory landscape. The GENIUS Act, a Senate-approved bill backed by President Donald Trump, seeks to establish legal clarity for USD-pegged stablecoins. Although the bill stalled in a House vote on Tuesday, Trump said he expects it to pass following renewed negotiations.
With regulatory winds shifting and rivals making bold moves, Citigroup appears poised to carve out its own role in the fast-evolving world of digital dollars.
Alexander Zdravkov
Reporter at Coindoo
Alexander Zdravkov is a person who always looks for the logic behind things. He is fluent in German and has more than 3 years of experience in the crypto space, where he skillfully identifies new trends in the world of digital currencies. Whether providing in-depth analysis or daily reports on all topics, his deep understanding and enthusiasm for what he does make him a valuable member of the team.
Source: https://coindoo.com/citigroup-eyes-stablecoin-launch-as-wall-street-embraces-tokenized-finance/