Citigroup Confirms It Is Actively Evaluating a Citi-Issued Stablecoin

Citigroup’s shares hit their highest level since 2008, supported by solid earnings and a $4 billion stock buyback Internal research from the company projects that the stablecoin market could balloon to $3.7 trillion by 2030 Citigroup’s interest in stablecoins goes beyond issuance, as the bank is investigating services for managing stablecoin reserves and simultaneously developing custodial solutions for cryptocurrency assets In its Q2 earnings call, CEO Jane Fraser confirmed that Citigroup (the third-largest bank in the US) is actively evaluating the launch of a Citi-issued stablecoin, with promising interest in tokenized deposits, reserve management, and custody services. This move coincides with Citigroup’s shares hitting their highest level since 2008, supported by solid earnings and a $4 billion stock buyback. Internal research from the company projects that the stablecoin market could balloon to $3.7 trillion by 2030. Additionally, the bank’s interest in stablecoins goes beyond issuance, as the CEO confirmed that Citigroup is investigating services for managing stablecoin reserves and simultaneously developing custodial solutions for crypt… The post Citigroup Confirms It Is Actively Evaluating a Citi-Issued Stablecoin appeared first on Coin Edition .

Source: Coin Edition