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Citigroup
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- 1Citi and Coinbase Partner on Stablecoin Infrastructure for Businesses▼Citi and Coinbase Working Together To Build Stablecoin Infrastructure for Businesses
Citigroup and Coinbase are working together to build stablecoin payment infrastructure aimed at corporate clients. The partnership pairs one of the largest US banks with the biggest American crypto exchange, signaling that major financial institutions continue moving into digital dollars despite past regulatory uncertainty. Details on the products and rollout timeline have not yet been announced, but the collaboration is being read as a further step toward mainstream adoption of stablecoins in business payments.
- 2Citi chief calls on central banks to run round the clock▼Citi’s Fraser: ‘We’re still waiting for central banks to operate 24/7’
Jane Fraser, chief executive of Citigroup, said the banking world is still waiting for central banks to operate around the clock, 24/7. Her remarks highlight a gap between always-on digital payments and settlement systems that still depend on central banks working limited hours, a constraint for global instant payments and tokenised money.