News
Citiâs Ronit Ghose warned that paying interest on stablecoin holdings could trigger bank outflows akin to the 1980s, driving up funding costs and credit prices.
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Citi News
Citigroup is an American transnational financial services corporation established in 1812 and headquartered in New York. Citigroup is the fourth largest of the American banks and a systematically important bank for the U.S. and world economy. Citigroupâs revenue is currently more than $71.5 billion. Citibank is a part of Citigroup that specializes on consumer financial services. Some major Citibank branches are the American and Mexican branches, but Citi also has its branches in Russia, India, the UAE and some other countries. Citigroupâs blockchain research and development were some of the first in the banking and financial services sector. Citi and Nasdaq announced an agreement that implemented blockchain in global banking in May 2017. This agreement authorizes Citi to transfer funds into Nasdaqâs blockchain platform that is used for buying and selling shares of private companies.
- News
Citi is exploring cryptocurrency custody and payment services, with an initial focus on stablecoin-backed assets.
 5649 - News
Despite Trumpâs pro-crypto stance, Unicoin CEO says US banks continue closing accounts for crypto firms under âOperation Chokepoint.â
 44978 - News
TradFi giants made 345 blockchain investments between 2020â2024, with G-SIBs leading 100+ deals across tokenization, custody and payments.
 38733 - Newsletter
JPMorgan, Citigroup and Bank of America are all in the early stages of stablecoin development.
 8041 - News
The victim of a $20 million crypto pig butchering scam has sued Citibank, alleging it ignored âred flagsâ and should have investigated suspicious activity.
 6522 - News
Companies linked to JPMorgan, Bank of America, Citigroup and Wells Fargo have discussed the possibility of jointly issuing a stablecoin, The Wall Street Journal reports.
 7211 - Market Analysis
The âOracle of Omahaâ also exited Citigroup and slashed Berkshireâs Bank of America holdings, offloading more than $2.1 billion in financial stocks.
 8792 - News
Citi and SDX are teaming up to tokenize late-stage private shares, aiming to bring efficiency and access to the private markets sector.
 1989 - News
Analysts from Citi Group said a potential âcrypto-friendlyâ administration and growing revenues are bullish catalysts for Coinbase shares.
 2561 - News
The partnership between significant banking giants in the U.S. and Mastercard aims to streamline multiple asset-class settlements on a shared ledger platform.
 6866 - News
Citi partnered with other traditional financial institutions to simulate operations. More development is needed.
 6207 - News
AVAX surged while other tokens plunged, with analysts pegging its outperformance on being relatively undervalued while forging new partnerships with JPMorgan and Citi.
 12800 - News
The latest initiatives by the Monetary Authority of Singapore aim to develop foundational capabilities to scale tokenized markets.
 7845 - Newsletter
This weekâs Crypto Biz explores SVB Capital bids, new funds from Blockchain Capital, the Hut 8-US Bitcoin merger and Citigroupâs private blockchain.
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