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    Home»Crypto News»Citigroup Trying To Difficulty Personal Stablecoin and Provide Crypto Asset Custody Options, Says CEO Jane Fraser – The Each day Hodl
    Citigroup Trying To Difficulty Personal Stablecoin and Provide Crypto Asset Custody Options, Says CEO Jane Fraser – The Each day Hodl
    Crypto News

    Citigroup Trying To Difficulty Personal Stablecoin and Provide Crypto Asset Custody Options, Says CEO Jane Fraser – The Each day Hodl

    By Crypto EditorJuly 17, 2025Updated:July 17, 2025No Comments2 Mins Read
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    The third-largest financial institution within the US is signaling intentions to reinforce its digital asset capabilities and choices.

    In an earnings name for the second quarter of 2025, Citigroup CEO Jane Fraser says stablecoins are the “subsequent evolution within the broader digitization of funds, financing and liquidity.”

    In keeping with Fraser, the trillion-dollar financial institution intends to, amongst different issues, difficulty a stablecoin and supply custody providers for crypto belongings.

    “So 4 most important areas that we’re exploring [are] reserve administration for stablecoins, the on and off ramps from money and coin, backwards and forwards. We’re trying on the issuance of a Citi stablecoin.

    However most likely most significantly is the tokenized deposit house the place we’re very lively. After which additionally offering custodial options for crypto belongings. So this can be a good alternative for us.”

    In keeping with the Citigroup CEO, the third-largest US financial institution’s potential stablecoin may have a value benefit when used for making funds.

    “So should you remember proper now, stablecoins about 88% of all stablecoin transactions are used to settle crypto trades.

    There’s solely 6% which is funds. In a standard providing, if you’re transferring from money to stablecoin and again to money, proper now, you’re incurring as a lot as a 7% transaction value. I imply, that’s simply prohibitive. So that is the place Citi Token Companies is so thrilling as a result of it allows the shopper to maneuver from bodily fiat to the digital and again once more with out incurring that transaction value.”

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    Citigroup Trying To Difficulty Personal Stablecoin and Provide Crypto Asset Custody Options, Says CEO Jane Fraser – The Each day Hodl

    Disclaimer: Opinions expressed at The Each day Hodl aren’t funding recommendation. Buyers ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any losses you might incur are your accountability. The Each day Hodl doesn’t advocate the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in online marketing.

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