Citigroup Eyes Crypto Custody & Stablecoin Market as Industry Explodes

Citigroup, the financial giant with a $2.5 trillion asset base, is preparing to enter the expanding crypto custody and stablecoin market. The bank is exploring two key avenues for expansion: securing stablecoins, which back high-quality, reliable cryptocurrencies like USD Coin, and offering custodial services for Bitcoin and Ethereum ETFs. This move aligns with the bank’s efforts to modernize payments and asset management in a more favorable regulatory environment under President Trump.