INSUBCONTINENT EXCLUSIVE:
Jamie Dimon said on Tuesday during an earnings conference call
Citigroup announced its own plans to enter the stablecoin race
During a post-earnings conference call on Tuesday, Citigroup CEO Jane Fraser told analysts that the bank is considering issuing a stablecoin
to facilitate digital payments
"We are looking at the issuance of a Citi stablecoin, but probably most importantly is the tokenized deposit space, where we're very
"This is a good opportunity for us."In May 2025, The Wall Street Journal reported that a group of big banks was considering issuing a joint
space is the improving regulatory environment in the United States
The GENIUS Act, which would regulate stablecoins and their issuers, has passed the Senate and is currently under consideration in the House
institutional adoptionAccording to DefiLlama, the current stablecoin market capitalization is $258 billion
The market has risen 58% from July 16, 2024, when it was valued at $163.3 billion.Stablecoin market cap over time
businesses and individuals around the world for their ease, speed and simplicity.JPMorgan deposit coin is a proof-of-concept token issued on
The bank is billing it as an alternative to stablecoins for cash payments and settlements
