Citigroup Explores Payment Services and Custody for Crypto ETFs, Stablecoins
US bank Citigroup is considering offering services tied to stablecoins, including custody solutions, according to one of its senior executives. The bank joins a list of major traditional players, including Bank of America and Fiserv, looking to step further into the crypto space. The renewed interest follows a recent law passed by Congress that provides a framework for stablecoins to be used in everyday payments, settlement systems, and other financial services. Stablecoins are a form of crypto that track the value of a traditional asset, most often the USD. Under the new law, issuers are required to back these tokens…





