Citigroup is exploring a stablecoin for cross-border transfer, Jane Fraser, Citigroup's chief executive, said on an earnings call this week, joining a growing list of large banks considering stablecoin projects. "We are looking at the possibility of issuing a Citi stablecoin," Ms. Fraser said on Tuesday. "We are exploring... reserve management mechanisms for stablecoins and two-way conversion channels from cash to tokens and from tokens to cash."
In fact, Citi has already shown interest in the stablecoin market. According to the Wall Street Journal in May, Citi had held talks with Financial Institution Groups such as JPMorgan Chase, Bank of America and Wells Fargo to discuss the possibility of jointly issuing a stablecoin pegged to the US dollar.
Citi is exploring the issuance of a stablecoin for cross-border transfers
2025-07-16 23:38:54
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