US Edition
Citi CEO Calls Digital Assets the Future of Global Payments and Liquidity
UNITED STATES, JUL 15 – Citigroup CEO Jane Fraser confirmed plans for a stablecoin and expanded digital asset services amid regulatory clarity and a forecasted $3.7 trillion stablecoin market by 2030.
- During the second-quarter earnings call, Citigroup confirmed its digital assets strategy, with CEO Jane Fraser stating, 'We’re looking at the issuance of a Citi stablecoin.'
- Amid its digital assets push, Fraser outlined that the bank is pursuing stablecoin reserve management, fiat-digital on/off ramps and custodial services, Fraser said.
- U.S. regulators are amid 'crypto week,' with JPMorgan predicting stablecoins might underperform Citigroup’s expectations, as market and legislative developments unfold.
- Following the call, Citigroup shares rose, and JPMorgan, Bank of America, and Wells Fargo explore similar stablecoin initiatives.
- Looking ahead, Citigroup research team said the stablecoin market could reach $3.7 trillion by 2030, with Hong Kong’s stablecoin ordinance taking effect on August 1, 2025, likely spurring issuances in multiple currencies.
25 Articles
25 Articles
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