Citigroup Launches Stablecoin Ambition, Pioneering in Digital Payments
2025-07-16 11:01:28
Main Idea
Citigroup is considering the issuance of a US dollar-pegged stablecoin, joining other financial institutions like JPMorgan and DTCC in the growing stablecoin market.
Key Points
1. Citigroup announced its consideration of issuing stablecoins during a recent earnings meeting, aiming to integrate them into its existing payment infrastructure.
2. The initiative is comparable to JPMorgan's JPM Coin and DTCC's stablecoin project, highlighting institutional competition in the sector.
3. The stablecoin market is currently valued at $257 billion, with predictions suggesting it could reach $750 billion by the end of the year.
4. The GENIUS Act provides a legal foundation for stablecoin competition among financial institutions.
5. Citigroup's research indicates that the growth of the US dollar-pegged stablecoin market could reshape the banking ecosystem.
Description
Citigroup is considering issuing its stablecoin to enhance digital payment processes. The bank prioritizes regulatory compliance, aligning with new stablecoin regulations. Continue Reading: Citigroup Launches Stablecoin Ambition, Pioneering in Digital Payments The post Citigroup Launches Stablecoin Ambition, Pioneering in Digital Payments appeared first on COINTURK NEWS .
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