Citi CEO: We’re Evaluating the Issuance of a Proprietary Citi Stablecoin

Citigroup Explores Stablecoin Issuance as CEO Highlights Tokenization Push

Citigroup CEO Jane Fraser has confirmed the bank is actively considering launching its own stablecoin, marking another step forward in Wall Street’s growing embrace of blockchain-powered financial products.

Speaking during Citi’s Q2 2025 earnings call, Fraser said, “We are looking at the issuance of a Citi stablecoin,” adding that the bank’s efforts around tokenized deposits are currently the most developed within its digital asset initiatives.

Fraser emphasized that these technologies are not just theoretical — they’re already streamlining operations, enabling new business models, and attracting clients who demand real-time, on-chain financial services.

Stablecoins, which are digital tokens typically pegged to the U.S. dollar and backed by high-quality reserves like Treasury bills, have increasingly caught the attention of traditional finance. Citi’s own research predicts the stablecoin market could expand to $3.7 trillion by 2030, driven by increased usage, clearer regulations, and institutional interest.

Even crypto-skeptic JPMorgan CEO Jamie Dimon has acknowledged his firm’s growing participation in stablecoin applications, a shift that signals broader acceptance of tokenized money within traditional banking.

Fraser called digital assets a “natural evolution” of fintech, and said Citi is prioritizing client demand for transparent, compliant, and efficient cross-border financial infrastructure.

She outlined four pillars of Citi’s strategy in the digital asset space:

Reserve management services for stablecoin issuers
On/off ramps between fiat and digital currencies
Crypto custody solutions
Tokenized deposits — the most advanced and actively developed segment so far

The timing of Fraser’s remarks aligns with heightened policy focus in Washington. Several crypto-related bills are currently under debate on Capitol Hill, although progress temporarily stalled after the House Freedom Caucus raised concerns over Senate influence on pending legislation.

Meanwhile, Citigroup reported strong financials for Q2 2025. The bank posted $4 billion in net income ($1.96 per share), up from $3.2 billion ($1.52) a year ago. Revenue climbed 8% to $21.7 billion, reflecting broad-based strength across all five of Citi’s business lines.