CEO Jane Fraser discussed the move during an analyst briefing following the bank’s latest earnings report, according to Reuters. While […]
The post Citigroup Eyes Stablecoin Launch as Wall Street Embraces Tokenized Finance appeared first on Coindoo.
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.
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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.
The post Citigroup Eyes Stablecoin Launch as Wall Street Embraces Tokenized Finance appeared first on Coindoo.
Source: https://coindoo.com/citigroup-eyes-stablecoin-launch-as-wall-street-embraces-tokenized-finance/
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