The Wall Street giant is also exploring tokenised deposits and crypto custody.
JPMorgan, Bank of America, and Wells Fargo are also weighing stablecoin launches.
The push by big banks towards a blockchain-based financial system is becoming more noticeable. Citi’s CEO, Jane Fraser, recently revealed that her bank is “looking at the issuance of a Citi stablecoin.” She added that the Wall Street firm is also considering tokenised deposits and custody services for crypto assets.
Fraser confirmed the bank’s position on stablecoins during an earnings call with analysts yesterday (Tuesday).
Friendly Regulations Are Pushing Banks Towards Crypto
She pointed out that the White House administration's shifting stance has encouraged the bank to develop its crypto-related plans.
Jane Fraser, CEO at Citi (Photo: Wikimedia)
“We really welcome the administration’s willingness to allow banks to participate in the digital asset space more easily,” Fraser said, referring to President Trump’s Genius Act—a bill that introduces a regulatory structure for stablecoin issuers.
“Up until now, it has been hard for us to participate on a level playing field.”
US lawmakers are also reviewing landmark crypto legislation that would reverse restrictions imposed during the Biden administration.
Earlier this year, the Federal Reserve scrapped two supervisory rules that had required banks to notify them before engaging in any crypto activity and to obtain approval for stablecoin-related services.
Are Stablecoins the Future for Banks?
Citi is not the first major US bank to go public with its stablecoin ambitions. In May, The Wall Street Journal reported that JPMorgan, Bank of America, and Wells Fargo are also exploring similar projects.
Stablecoin demand has grown sharply this year. Market capitalisation has increased, and yield-bearing stablecoins now represent about 4.5 per cent of the total, with a circulating supply of $11 billion. A recent FinanceMagnates.com report stated that more than 109 million wallets are currently using stablecoins.
The high-profile public listing of stablecoin issuer Circle earlier this year also reflected strong interest in the sector from both retail and institutional players.
The push by big banks towards a blockchain-based financial system is becoming more noticeable. Citi’s CEO, Jane Fraser, recently revealed that her bank is “looking at the issuance of a Citi stablecoin.” She added that the Wall Street firm is also considering tokenised deposits and custody services for crypto assets.
Fraser confirmed the bank’s position on stablecoins during an earnings call with analysts yesterday (Tuesday).
Friendly Regulations Are Pushing Banks Towards Crypto
She pointed out that the White House administration's shifting stance has encouraged the bank to develop its crypto-related plans.
Jane Fraser, CEO at Citi (Photo: Wikimedia)
“We really welcome the administration’s willingness to allow banks to participate in the digital asset space more easily,” Fraser said, referring to President Trump’s Genius Act—a bill that introduces a regulatory structure for stablecoin issuers.
“Up until now, it has been hard for us to participate on a level playing field.”
US lawmakers are also reviewing landmark crypto legislation that would reverse restrictions imposed during the Biden administration.
Earlier this year, the Federal Reserve scrapped two supervisory rules that had required banks to notify them before engaging in any crypto activity and to obtain approval for stablecoin-related services.
Are Stablecoins the Future for Banks?
Citi is not the first major US bank to go public with its stablecoin ambitions. In May, The Wall Street Journal reported that JPMorgan, Bank of America, and Wells Fargo are also exploring similar projects.
Stablecoin demand has grown sharply this year. Market capitalisation has increased, and yield-bearing stablecoins now represent about 4.5 per cent of the total, with a circulating supply of $11 billion. A recent FinanceMagnates.com report stated that more than 109 million wallets are currently using stablecoins.
The high-profile public listing of stablecoin issuer Circle earlier this year also reflected strong interest in the sector from both retail and institutional players.
Arnab Shome is an electronics engineer-turned-financial editor. He holds a Bachelor of Technology from the National Institute of Technology, Agartala. He entered the retail trading industry about a decade ago, covering the cryptocurrency market for Finance Magnates, and later expanded his coverage to include forex and CFDs as well.
His work at Finance Magnates includes C-level interviews, data-driven analysis, opinion pieces, and scoops of industry exclusives. He also contributes to Finance Magnates’ quarterly industry report.
Area of coverage:
1. CFD broker-related news
2. Industry-related Regulatory updates and developments
3. New retail trading trends
4. Prop trading industry updates
5. Executive interviews
Education:
Bachelor of Technology - National Institute of Technology, Agartala (India)
WhiteBIT secures brokerage license in Georgia to launch regulated crypto derivatives
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets Winner Spotlight 🏆 | Global Broker of the Year 2025 #Trading #Broker #Innovation #Shorts
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
FP Markets takes the spotlight as Global Broker of the Year 2025 at the Finance Magnates Awards.
Martin Stoilov, Head of Client Experience, shares that trust, innovation, and people played a key role in the company’s success, supported by a strong foundation of integrity and client-centricity.
Following this milestone, FP Markets continues to focus on growth, technology investment, and its core values of transparency and excellence.
👉 Be part of FM Awards 2026: https://awards.financemagnates.com/#nominate
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
In this video, we review @HolaPrimeMarketsOfficial, a multi-asset forex and CFDs broker offering different account types, trading platforms, and flexible trading conditions.
We cover the broker’s overall offering, including account options, trading environment, platforms like MT4 and MT5, and additional services such as managed accounts and fast withdrawals.
Watch the full video to see if Hola Prime Markets fits your trading needs.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #ForexBroker #CFDTrading #FinanceMagnates #Trading #Forex #BrokerReview
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
Hola Prime Review: What You Need to Know | Full Breakdown by Finance Magnates
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
In this video, we review @HolaPrime_Global, a proprietary trading firm offering evaluation programs and performance-based payouts in simulated market environments.
We cover how the challenge model works, including account types, profit splits (up to 95%), trading rules, and what it takes to reach a funded account. You’ll also learn about available platforms like MT4, MT5, cTrader, and more, along with insights into payouts, support, and trading conditions.
Watch the full video to see if Hola Prime fits your trading style.
📣 Stay up to date with the latest in finance and trading. Follow Finance Magnates for industry news, insights, and global event coverage.
Connect with us:
🔗 LinkedIn: /financemagnates
👍 Facebook: /financemagnates
📸 Instagram: https://www.instagram.com/financemagnates
🐦 X: https://x.com/financemagnates
🎥 TikTok: https://www.tiktok.com/tag/financemagnates
▶️ YouTube: /@financemagnates_official
#HolaPrime #PropFirm #Trading #FinanceMagnates #Forex #FuturesTrading #TradingReview #PropFirmReview
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi Winner Spotlight 🏆 | Global Most Innovative Broker 2025 #Innovation #Trading #Fintech #Broker
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Axi takes the spotlight at the Finance Magnates Awards, winning Global Most Innovative Broker 2025.
Olivia Xenofontos and Ivanna Openko share how the team will feel: proud, motivated, and ready to keep delivering.
They also describe the night as well-organized, focused, and enjoyable for all.
👉 Be part of FM Awards 2026.
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
Recognition that matters.
Built on transparency.
Driven by the industry.
The Finance Magnates Awards 2026.
Nominations are now open.
🔗 https://awards.financemagnates.com/?utm_source=SM&utm_medium=social&utm_campaign=recognition-matters
