Citigroup Looking To Issue Own Stablecoin and Offer Crypto Asset Custody Solutions, Says CEO Jane Fraser
2025-07-17 17:00:32
Description
The third-largest bank in the US is signaling intentions to enhance its digital asset capabilities and offerings. In an earnings call for the second quarter of 2025, Citigroup CEO Jane Fraser says stablecoins are the “next evolution in the broader digitization of payments, financing and liquidity.” According to Fraser, the trillion-dollar bank intends to, among other things, issue a stablecoin and offer custody services for crypto assets. “So four main areas that we’re exploring [are] reserve ma...
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