Citigroup Weighs Custody Role for Stablecoin and Crypto ETF Collateral

Citigroup is showing an unexpected interest in stablecoins and crypto ETFs; it might offer custody services for these assets’ collateral. Stablecoins might be the more viable option, as Coinbase already has an overwhelming head start in the ETF collateral market. Even if these plans don’t work out, the firm is nonetheless considering other stablecoin pilot programs. Citigroup’s Collateral Plan Citigroup, one of the US’ largest banking conglomerates, has shown an interest in stablecoins on several recent occasions source: https://beincrypto.com/citigroup-stablecoin-etf-collateral-experiments/