Tag: Citigroup

Citigroup is gearing up to expand its presence in the digital asset market, targeting custody and payments solutions for stablecoins and cryptocurrency exchange-traded funds (ETFs) as part of its broader blockchain strategy. Speaking to Reuters, Biswarup Chatterjee, Citi’s global head of partnerships and innovation, said the U.S. banking giant sees ...

If the U.S. enacts a regulatory framework for stablecoins, it could unlock over $1 trillion in new demand for U.S. Treasuries and make stablecoin issuers some of the largest holders of government debt by the end of the decade, according to a new Citigroup report. The Wall Street Bank said ...