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Citibank is exploring the provision of stablecoin transfer custody and instant payment services

By: theblockbeats.news|2025/08/15 00:22:12

BlockBeats News, August 15th, according to Reuters, Citigroup executive Biswarup Chatterjee stated in an interview that Citigroup is exploring providing stablecoin custody and other services, as well as providing custody services for digital assets supporting cryptocurrency-related investment products.

Furthermore, Citibank is developing services that allow customers to transfer stablecoins between accounts or convert them into dollars for instant payments, and is discussing related use cases with clients.

Powell to Speak at Jackson Hole Symposium on August 22, Market Focused on Rate Cut Expectations and Successor Selection

The crypto market is experiencing a widespread decline, with a 24-hour market cap drop of 3.9%, while the three major U.S. stock indexes are close to flat.