PANews August 15 news, according to Reuters, Biswarup Chatterjee, the global head of collaboration and innovation in the service department of Citigroup, said in an interview that the group is exploring the provision of stablecoin custody and other services. Citigroup is also exploring custody services for digital assets that support cryptocurrency-related investment products. For example, since the U.S. SEC approved such products last year, many asset management companies have launched ETFs tracking the spot price of Bitcoin. In addition, Citibank is developing a service that allows customers to transfer stablecoins between accounts or exchange them for U.S. dollars for instant payments, and is discussing related use cases with clients.