CITIGROUP EYES STABLECOIN CUSTODY & INSTANT PAYMENT SOLUTIONS
Global banking giant Citigroup is exploring stablecoin custody and related digital asset services, according to Biswarup Chatterjee, Global Head of Collaboration & Innovation for the bank’s services division. This move comes as demand for crypto investment products surges following the SEC’s approval of spot Bitcoin ETFs last year.
Citibank’s roadmap includes enabling clients to store stablecoins securely, transfer them between accounts, and instantly convert them into U.S. dollars for faster payments. The bank is already in discussions with customers to identify real-world use cases — a clear signal that Wall Street is moving deeper into the digital asset space.
With institutional adoption accelerating, Citigroup’s entry into stablecoin services could mark a major step in merging traditional finance and blockchain-powered payments.