Citigroup CEO Confirms the Bank Is ‘Looking at the Issuance of a Citi Stablecoin’
Main Idea
Citigroup CEO Jane Fraser confirms the bank is exploring the issuance of a Citi stablecoin and views digital assets as a key area in fintech, alongside stablecoin reserve management, crypto, and tokenized deposits.
Key Points
1. Citigroup CEO Jane Fraser stated the bank is considering issuing its own stablecoin as part of its digital asset strategy.
2. Citi views digital assets as the next step in fintech, focusing on stablecoin reserve management, crypto, and tokenized deposits.
3. Citigroup reported Q2 2025 net income of $4.0 billion, an increase from $3.2 billion in Q2 2024, with revenue rising 8% to $21.7 billion.
4. The bank aims to use digital assets to enhance operations, unlock new revenue streams, and acquire clients.
Description
On Tuesday, Citigroup (C) had its second quarter of 2025 earnings call . During the call, Ebrahim Poonawala, Head of North American Banks Research at BofA Securities, asked how Citi is using stablecoins internally for treasury and global liquidity management and whether their adoption could disrupt the bank’s service revenues. Citi CEO Jane Fraser said the bank views digital assets as the next step in the broader digitization of finance, echoing the earlier shift brought on by fintech. She empha...
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