In brief
- Citigroup is exploring issuing its own stablecoin for cross-border payments.
- The bank joins a growing list of institutions considering whether to issue dollar-pegged tokens.
- Citi previously engaged in talks with JPMorgan Chase, Bank of America, and Wells Fargo about jointly issuing a stablecoin.
Citigroup is exploring issuing its own stablecoin for cross-border payments, CEO Jane Fraser told analysts in an earnings call this week, adding to the list of banking giants that are also considering stablecoin initiatives.
Citi’s potential entrance into the stablecoin market also underscores the growing interest in an area that was once solely the domain of native crypto firms.
“We are looking at the issuance of a Citi…
Jul 17 2025
