Citigroup (C) CEO Jane Fraser said the bank giant is actively developing digital asset functions, including exploring the potential launch of her own stablecoin.
Fraser said “We are looking at the issue of a Citi StableCecoin” during the Q&A section of the bank’s second quarter of 2025 earnings calls. Fraser, however, made it clear that tokenized deposits are currently representing the more immediate focus. She added that these innovations help Citi modernize internal operations, unlock new revenue flows and acquire clients.
Fraser’s comments come as stableecoins have a moment this year in the sector for digital assets. More cryptic companies and traditional banks jump into the stablecoin sector as they are increasingly used for trade and cross-border payments.
Citi’s own research team said this year could be a central year for blockchain resolution, driven by the growth of stableecoins, and by 2030 the stableecoin market, primarily tied to the US dollar, was growing up to $ 3.7 trillion.
Even Jamie Dimon, CEO of Global Bank Giant JPMorgan (JPM)And a crypto skeptic, recently said the bank is planning to get more involved in stablecoins.
During the earnings call, Citi’s Fraser said the bank considers digital assets as the next step in the wider digitization of financing that repeats the previous shift brought further by Fintech. She emphasized that CITI’s strategy is centered on meeting the client’s demand for trouble-free, cross-border, multi-banking, always-on solutions with built-in compliance, reporting and accounting functions.
She outlined four key areas that Citi is pursuing: StableCOin Reserve Management, On- and Off-Ramps between Fiat and Digital Curcies, Custodial Services for Crypto and Tokenized Deposies- Calling the last of these most active area.
Citi’s optimistic stablecoin comments also come under so-called “Crypto Week” when US regulators are set to adopt more bills to give more legislative clarity on stablecoins and other digital assets. However, Bills’ passage hit a roadblock Tuesday, when members of the House Freedom Caucus opposed how some of the legislation had evolved during Senate dominance.
Citigroup reported in the second quarter of 2025 net income of $ 4.0 billion or $ 1.96 per year. Diluted share, up from $ 3.2 billion or $ 1.52 per Stock, a year earlier. Revenue increased to $ 21.7 billion, an increase of 8% from the 2nd quarter of 2024, powered by growth across all five of the bank’s core companies.
