Citigroup Enters the Stablecoin Race After JPMorgan

Citigroup CEO Jane Fraser recently stated that her company is exploring the stablecoin sector and may launch its own token. The banking titan is also exploring custody solutions and reserve management for other stablecoins. The bank’s own researchers are highly bullish on stablecoins’ prospects, but that isn’t the whole picture. JPMorgan is also joining the race despite CEO Jamie Dimon’s reservations, showing the overwhelming pressure to enter this market source: https://beincrypto.com/citigroup-jpmorgan-stablecoin-exploration/