Citigroup is preparing to issue its own stablecoin
Date: 2025-07-17 Author: Henry Casey Categories: BUSINESS
Citigroup CEO Jane Fraser announced the company's intention to focus on the development and management of the Citi stablecoin. The plans include not only the creation of the token itself, but also the integration of traditional fiat money with digital assets, as well as the provision of custodial services for institutional crypto investors. In addition, the company is considering the possibility of tokenizing deposits, which will take banking services to a new level.
“We are seeing a lot of interest in digital assets from both private and institutional clients,” Fraser noted. “This is a great opportunity to strengthen our position in the market and accelerate our entry into the tokenized deposit market in the US, which is already actively developing.”
Experts from the Citi Institute think tank predict that the stablecoin market could reach $3.7 trillion by 2030. This market size underscores the importance of Citigroup's initiative and puts the company in competition with other major players in the financial sector, such as JPMorgan.
Earlier, JPMorgan Chase CEO Jamie Dimon announced plans to issue his own deposit stablecoin called JPMD in 2025, which further increases competition in this area.
The launch of Citigroup's stablecoin could be a significant step in the development of digital financial instruments and the integration of blockchain technologies into the banking sector. This will allow the bank to offer its clients more flexible and modern ways to manage assets, as well as strengthen its position in the rapidly developing digital currency market.
