Citi Calls Stablecoins “Clunky” but Builds Ways to Use Them
Photo: Coindoo
Key Takeaways Fraser said stablecoins can be “clunky” for Citi’s corporate clients. Citi Token Services moves bank money without requiring wallets or token holdings. Spring merchants can accept stablecoins and receive fiat settlement. Cross-bank tokenized-deposit transfers remain in a controlled pilot phase. On Citi’s October 13 earnings call, Fraser said stablecoins can be harder for the bank’s corporate client base to use across borders because of compliance, accounting and tax requirements. “We see less activity on stablecoins, honestly, given the nature of our client base.
Source: Coindoo
