BlockBeats news, on August 15, according to Reuters, Citigroup executive Biswarup Chatterjee stated in an interview that Citibank is exploring the provision of stablecoin custody and other services, as well as custody services for digital assets supporting cryptocurrency-related investment products.
In addition, Citibank is developing a service that allows customers to transfer stablecoins between accounts or convert them into dollars for instant payments, and is discussing relevant use cases with customers.