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Citigroup to issue stablecoin, joins growing trend in digital banking

Wednesday, Jul 16, 2025 6:45 am ETmin read

Aime Summary

- Citigroup plans to launch a USD-pegged stablecoin, becoming the latest major bank to expand into digital asset services.

- The initiative aims to streamline cross-border payments while adhering to regulatory frameworks for blockchain-based transactions.

- This move reflects growing institutional adoption of decentralized finance technologies, challenging traditional banking infrastructure.

- Competitors like JPMorgan and Goldman Sachs have pioneered similar digital currency projects, accelerating industry transformation.

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