Amid pro-crypto policies emerging from the US Congress toward crypto assets, American multinational investment bank, Citigroup, is contemplating the introduction of stablecoin custody services and crypto-focused exchange-traded funds (ETFs).

Citigroup’s Goal For Crypto

Biswarup Chatterjee, Citigroup’s global head of partnerships and innovation for its services division, indicated that the bank is primarily focused on providing custody services for the high-quality assets that support stablecoins.

In a recent interview with Reuters, he emphasized the importance of this initiative within Citi’s broader services business, which encompasses treasury management, cash management, and payment solutions for large corporations.

Although Citigroup had previously mentioned its interest in p

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