Citigroup considers issuing its own stablecoin, CEO says
Business
NEW YORK :Citigroup may issue its own stablecoin in an effort to facilitate digital payments, the bank's CEO, Jane Fraser, told analysts on a post-earnings conference call on Tuesday. "We are looking at the issuance of a Citi stablecoin, but probably most importantly is the tokenized deposit space, where we're very active," she said. "This is a good opportunity for us." The third largest U.S. lender is also exploring reserve management for stablecoins and providing custody solutions for crypto
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