Citigroup Inc., one of the world’s largest banks, plans to issue its own stablecoin in an effort to expand into the cryptocurrency market. The move is part of a broader push by traditional banks to adopt cryptocurrencies.
According to CEO Jane Fraser, who made the announcement on Tuesday during an earnings conference call with analysts, Citigroup is exploring the launch of a “Citi stablecoin.” This would position the bank as a potential early mover in the space.
The bank’s focus on stablecoins, tokenized deposits, and custody for cryptoassets suggests that it aims to provide users with more secure and efficient ways to manage their digital assets.
Source: https://www.bloomberg.com/news/articles/2025-07-15/citigroup-looks-to-issue-its-own-stablecoin-to-smooth-payments