- Citigroup plans to introduce a Citi stablecoin to support tokenized finance projects.
- CEO Jane Fraser confirmed the initiative during the company’s Q2 2025 earnings call.
- The financial institution is exploring both stablecoin issuance and crypto custody solutions.
- Citigroup is entering a market where major banks and fintech companies are also developing their own digital assets.
- The global digital asset market is projected to reach a $2 trillion capitalization by 2030.
Citigroup is preparing to launch a Citi stablecoin as part of its effort to strengthen its position in the growing digital asset market. CEO Jane Fraser outlined the company’s plan during the Q2 2025 earnings call on Tuesday, confirming Citigroup’s intention to issue a stablecoin and pursue tokenized financial services.
Fraser explained that Citigroup is actively assessing the stablecoin project, emphasizing the potential for digital deposits to improve the infrastructure of global payments systems. She stated, “We are looking at the issuance of a Citi stablecoin.” The company is also working on a framework for crypto custody and reserve management services.
While no timeline was provided for the stablecoin launch, Fraser said Citigroup aims to adapt digital assets to meet the increasing demand for blockchain-based financial solutions. The proposed services would compete with established firms like Gemini, Coinbase, and BitGo. According to Fraser, the company will continue to evaluate tokenized deposits and related products.
Other large banks such as Bank of America, Wells Fargo, and JP Morgan are also developing their own stablecoins. Fintech companies including Paypal“>PayPal, Revolut, Paxos, and Fiserv are planning similar digital asset releases, signaling industry-wide momentum toward blockchain integration.
Research suggests that the global digital assets market could reach a capitalization of $2 trillion by 2030. Citigroup‘s involvement in stablecoin and blockchain services may position it to benefit from this projected growth.
Fraser did not disclose when the crypto custody and reserve management services will officially launch.
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