According to Reuters, Citigroup is considering providing custody and payment services for stablecoins and cryptocurrency ETFs. Biswarup Chatterjee, Head of Global Partnerships and Innovation at Citigroup, stated that the primary focus is to provide custody services for high-quality assets supporting stablecoins, while also exploring custody services for digital assets like Bitcoin spot ETFs, a field currently dominated by Coinbase. Citigroup is also developing solutions to enhance cross-border payments and instant settlement efficiency using stablecoins, planning to allow customers to transfer stablecoins between accounts or exchange them for US dollars.