Citigroup Explores Issuing Stablecoin, Plans $4 Billion Buyback – Crypto News – Crypto News
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Citigroup Explores Issuing Stablecoin, Plans $4 Billion Buyback Citigroup Explores Issuing Stablecoin, Plans $4 Billion Buyback

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Citigroup Explores Issuing Stablecoin, Plans $4 Billion Buyback – Crypto News

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Citigroup is evaluating the issuance of its own dollar-backed stablecoin, Chief Executive Officer Jane Fraser told analysts on the bank’s second-quarter 2025 earnings call

Citigroup is evaluating the issuance of its own dollar-backed stablecoin, Chief Executive Officer Jane Fraser told analysts on the bank’s second-quarter 2025 earnings call. Fraser said the move would aim to facilitate digital payments and sits alongside the bank’s work on tokenized deposits, stablecoin reserve management and crypto-asset custody services.

The initiative positions the United States’ third-largest lender among the first major banks to consider offering a proprietary stablecoin as demand for regulated digital-asset payment rails grows. Citigroup’s shares briefly rose to their highest level since the 2008 financial crisis after the lender’s quarterly results beat Wall Street estimates; the board also authorized plans to repurchase at least $4 billion of stock.

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