Citigroup (DO) The CEO Jane Fraser said that the bank giant is actively developing digital asset capabilities, including exploration of the possible launch of its own stablecoin.
Fraser said that “we are seeing the issuance of a Citi Stablecoin” during the questions and answers of the gain call of the second quarter of the Bank of 2025. However, Fraser made it clear that the tokenized deposits currently represent the most immediate approach. He added that these innovations are helping Citi modernize internal operations, unlock new sources of income and acquire customers.
Fraser’s comments occur when Stablecoins is having a moment this year within the digital asset sector. More cryptographic companies and traditional banks are jumping into the Stablecoin sector, since they are increasingly used for trade and cross -border payments.
Citi’s own research team said that this year it could be a fundamental year for the adoption of Blockchain, promoted by the growth of Stablecoins, and by 2030, the Stablecoin market, mainly linked to the US dollar, could grow up to $ 3.7 billion.
Even Jamie Dimon, CEO of the Global Banking Giant JPMorgan (JPM)And a cryptographic skeptic, they recently said that the bank plans to get more involved in Stablecoins.
During the earning call, Fraser de Citi said the bank sees digital assets as the next step in the broader digitalization of finance, echoing the previous change caused by Fintech. She emphasized that Citi’s strategy focuses on satisfying customers’ demand for perfect, cross -border solutions, multiple banks and always lit with incorporated features, reports and accounting.
She described four key areas that Citi is chasing: Stablecoin reserve management, ramps inside and outside the fiduciary and digital currencies, custody services for cryptography and tokenized deposits, calling the last of these their most active area.
The optimistic comments of Citi Stablecoin also occur during the so -called “Crypto Week”, when the United States regulators will approve several bills to provide more regulatory clarity on stable and other digital assets. However, Bills’s passage reached an obstacle on Tuesday when the members of the House of Representatives of the House of Representatives opposed the way in which part of the legislation had developed under the domain of the Senate.
Citigroup reported net income of the second quarter of 2025 of $ 4.0 billion, or $ 1.96 per diluted share, compared to $ 3.2 billion, or $ 1.52 per share, a year earlier. Income increased to $ 21.7 billion, an 8% increase from the second quarter of 2024, driven by growth in the five main companies of the bank.
