Catenaa, Saturday, July 19, 2025-Citigroup is considering launching its own stablecoin as part of a broader shift toward blockchain-based infrastructure, CEO Jane Fraser said during the bank’s second-quarter earnings call.
The move is aligned with the bank’s increasing activity in tokenized deposits and digital asset custody solutions.
Fraser told analysts that Citigroup is focused on modernizing its infrastructure to provide 24/7 financial services. She emphasized that digital assets represent the next stage in the evolution of payments, liquidity, and financing.
Citi’s stablecoin ambitions are complemented by developments in reserve management, fiat-to-crypto onramps, and tokenized financial products.
The bank’s entry into stablecoins comes amid an accelerating industry trend. Fraser said that real-time settlement and enhanced efficiency are driving client demand. Stablecoins, pegged to fiat currencies, enable instant settlement and can bypass traditional banking delays.
Citi’s digital asset strategy centers on four pillars: custody services, reserve management, tokenized deposits, and seamless on-off ramps between fiat and crypto. Combined, these offerings aim to establish Citi as a key player in the future of finance.
Industry estimates indicate the stablecoin market could grow from $260 billion today to more than $2 trillion by 2030. Citi’s base-case forecast sees a $1.6 trillion market, while the bullish scenario places the figure at $3.7 trillion.
The move follows earlier reports that major U.S. banks, including JPMorgan and Wells Fargo, are exploring a shared stablecoin framework, signaling growing institutional interest in blockchain-based financial solutions.
