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Citigroup is considering launching its own stablecoin, “Citi stablecoin”
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CEO Jane Fraser highlighted tokenized deposits as a priority
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Bank may also offer stablecoin reserve management and crypto custody
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Move aligns with broader Wall Street push into stablecoins
Banking Giant Eyes Blockchain-Based Payment Tools
Citigroup is the latest major bank to enter the stablecoin conversation. In an earnings call, CEO Jane Fraser said the bank is exploring multiple digital asset strategies, including a Citi-branded stablecoin and tokenized deposit offerings. The goal is to expand the bank’s role in next-generation payment systems.
Fraser emphasized that tokenized deposits—blockchain-based representations of traditional bank accounts—may be more useful for Citi’s current infrastructure and regulatory expectations.
Rising Institutional Stablecoin Interest
Citi’s move mirrors actions from JPMorgan, which is preparing to issue its own stablecoin-like asset on the Base network, as well as the DTCC, which is reportedly building a settlement-layer stablecoin.
The push comes amid political momentum in Washington to create a stablecoin regulatory framework. The GENIUS Act, backed by the Trump administration, recently passed the Senate and is under review in the House. Analysts like Standard Chartered’s Geoffrey Kendrick expect the market to grow from $257 billion today to $750 billion by 2026, marking a shift in how global financial institutions manage liquidity and payments.
