FinanceMagnates
The push by big banks towards a blockchain-based financial system is becoming more noticeable. Citi’s CEO, Jane Fraser, recently revealed that her bank is “looking at the issuance of a Citi stablecoin.” She added that the Wall Street firm is also considering tokenised deposits and custody services for crypto assets.Fraser confirmed the bank’s position on stablecoins during an earnings call with analysts yesterday (Tuesday).Friendly Regulations Are Pushing Banks Towards CryptoShe pointed out that the White House administration’s shifting stance has encouraged the bank to develop its crypto-related plans.“We really welcome the administration’s willingness to allow banks to participate in the digital asset space more easily,” Fraser said…
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Citi “Is Looking at the Issuance” of a Stablecoin: CEO Confirms
The push by big banks towards a blockchain-based financial system is becoming more noticeable. Citi’s CEO, Jane Fraser, recently revealed that her bank is “looking at the issuance of a Citi stablecoin.” She added that the Wall Street firm is also considering tokenised deposits and custody services for crypto assets.Fraser confirmed the bank’s position on