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On Tuesday, Citigroup (C) had its 2nd 4th of 2025 earnings call.
During the call, Ebrahim Poonawala, Head of North American Banks Research astatine BofA Securities, asked however Citi is utilizing stablecoins internally for treasury and planetary liquidity absorption and whether their adoption could disrupt the bank’s work revenues.
Citi CEO Jane Fraser said the slope views integer assets arsenic the adjacent measurement successful the broader digitization of finance, echoing the earlier displacement brought connected by fintech. She emphasized that Citi’s strategy is centered connected gathering lawsuit request for seamless, cross-border, multi-bank, always-on solutions with built-in compliance, reporting, and accounting features.
She outlined 4 cardinal areas Citi is pursuing: stablecoin reserve management, on- and off-ramps betwixt fiat and integer currencies, custodial services for crypto, and tokenized deposits — calling the past of these its astir progressive area.
Fraser confirmed, “We are looking astatine the issuance of a Citi stablecoin,” but made wide that tokenized deposits presently correspond the much contiguous focus. She added that these innovations are helping Citi modernize interior operations, unlock caller gross streams, and get clients.
Citigroup reported second-quarter 2025 nett income of $4.0 billion, oregon $1.96 per diluted share, up from $3.2 billion, oregon $1.52 per share, a twelvemonth earlier. Revenue roseate to $21.7 billion, an 8% summation from Q2 2024, driven by maturation crossed each 5 of the bank’s halfway businesses.
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