Citigroup Weighs Stablecoin and Crypto ETF Custody—$2.57T Giant Eyes Payments Push
Main Idea
Citigroup is exploring stablecoin custody, crypto ETF services, and blockchain-based payments, positioning itself at the center of digital asset innovation while complying with regulatory frameworks.
Key Points
1. Citigroup is considering custody services for stablecoins and crypto ETFs, leveraging its $2.57 trillion in assets under custody.
2. The bank is developing blockchain-based payment solutions, including 24/7 tokenized USD transfers across key financial hubs.
3. Citi CEO Jane Fraser emphasized the importance of digital assets in the evolution of payments and liquidity management.
4. U.S. banking groups are urging Congress to ban stablecoin yield payments, citing risks to traditional banking deposits and lending.
5. Stablecoin supply has grown significantly in 2025, with USDT and USDC leading the market, while PayPal's PYUSD has expanded with a yield program.
Description
Citigroup is exploring a major expansion into the digital asset space, with plans that could put the $2.57 trillion banking giant at the center of stablecoin custody, crypto ETF infrastructure, and blockchain-based payments. Speaking to Reuters, Biswarup Chatterjee, Citi’s global head of partnerships and innovation for its services division, said the bank is looking at providing custody for the high-quality assets that back stablecoins. Citi’s Stablecoin Plans Could Reshape Digital Asset Payment...
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