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Benzinga
Benzinga
Business
Aniket Verma

Jane Fraser Says Citigroup Exploring Launch Of Citi Stablecoin — CEO Says Dollar Pegged Cryptos 'Next Evolution' Of Payments

Citi Jane Fraser Citigroup Crypto
Warsaw,,Poland,-,March,2019:,Citibank,Banking,And,Financial,Company

Citigroup Inc. (NYSE:C) CEO Jane Fraser revealed the company’s intention to issue a stablecoin on Tuesday as part of the banking giant’s broader dive into digitization.

What Happened: During Citi’s second-quarter earnings call, Fraser deemed stablecoins as the “next evolution” in the digitization of payments, and said the company is looking to issue a Citi stablecoin in the future

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