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Citigroup Explores Launch of Own Stablecoin

  • Citigroup is considering issuing its own stablecoin, part of its broader digital assets strategy.
  • CEO Jane Fraser highlighted the regulatory support under the Genius Act for banks to engage in digital assets.
  • Citigroup's potential stablecoin could challenge existing players like USDC and USDT.
  • The move reflects the bank's comprehensive approach to digital finance, exploring services beyond stablecoin issuance.

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