Citigroup (C) The CEO, Jane Fraser, said that the banking giant actively develops digital asset capacities, in particular by exploring the potential launch of its own stablecoin.
Fraser said that “we are examining the issue of a Stablecoin Citi” during the Bank’s second quarter of the second quarter and answers in the 2025. However, Fraser clearly indicated that Tokenized deposits are currently representing the more immediate objective. She added that these innovations help Citi to modernize internal operations, to unlock new sources of income and to acquire customers.
Fraser comments come while Stablecoins has a moment this year in the digital asset sector. Other crypto companies and traditional banks jump in the Stablescoin sector, as they are increasingly used for commercial and cross -border payments.
The Citi’s research team said that this year could be a pivotal year for the adoption of blockchain, driven by the growth of Stablecoins, and by 2030, the StableCoin market, mainly fixed to the US dollar, could reach 3.7 billions of dollars.
Even Jamie Dimon, CEO of the world banking giant JPMorgan (JPM)And a skeptical crypto, recently said that the bank planned to get more involved in the stablecoins.
During the call for winnings, Citi’s Fraser said that the bank considered digital assets as the next step in the broader finance digitization, echoing the previous change caused by Fintech. She pointed out that Citi’s strategy is focused on demanding customer demand for transparent, cross-border, multi-scale and always active solutions with integrated characteristics of conformity, report and accounting.
It described four key areas that Citi is continuing: the management of the Stablecoin reserve, the ramps on and out of the Fiat and the digital currencies, the daycare for crypto and token deposits – by calling the last of these most active.
Citi’s Stablecoin’s comments from Citi also occur during the so-called “cryptography week”, when American regulators should adopt several bills in order to provide more regulatory clarity on stablescoins and other digital assets. However, the adoption of Bills struck a roadblock on Tuesday while the members of the House Freedom Caucus opposed the way in which part of the legislation had developed under the domination of the Senate.
Citigroup declared net profit in the second quarter of 2025 of $ 4.0 billion, or $ 1.96 per diluted share, against $ 3.2 billion, or $ 1.52 per share, a year earlier. Income reached $ 21.7 billion, an increase of 8% compared to T2 2024, driven by growth in the five main companies in the bank.
