Citigroup is considering providing stablecoin and crypto ETF custody and payment services
2025-08-14 19:27:53
Citigroup is exploring services such as custody, payments and dollar conversions for stablecoins and crypto-asset-related ETFs. It plans to host the US debt and cash backing stablecoins, and may issue its own stablecoins. The move is driven by the passage of stablecoin legislation in the US Congress and the relaxation of regulations by the Trump administration. Citi is also considering using stablecoins to enable instant cross-border payments and exploring application scenarios with customers. At present, the custody business in this field is dominated by Coinbase.
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