Citigroup and JPMorgan Compete in the Stablecoin Race, What’s the Strategy?

Updated

July 17, 2025

Gambar Citigroup and JPMorgan Compete in the Stablecoin Race, What’s the Strategy?

Jakarta, Pintu News – Citigroup, one of the global banking giants, recently announced its plans to jump into the stablecoin market by launching its own digital token. This move follows after JPMorgan also showed similar interest in the sector.

Citigroup CEO Jane Fraser stated that the company is not only interested in stablecoin issuance, but also in storage and reserve management solutions for other stablecoins.

These two banks don’t seem to want to be left behind in utilizing this emerging financial technology.

Check out the full information below!

Citigroup Introduces Stablecoin Plan

Jane Fraser, CEO of Citigroup, revealed that the bank is considering the launch of a stablecoin called Citi stablecoin. In addition, Citigroup is also active in the tokenized deposit space, which it sees as a huge opportunity.

According to predictions by researchers at Citigroup, the stablecoin market is expected to reach a value of $3.7 trillion by 2030. With such huge market predictions, it’s no surprise that Citigroup wants to take part in this trend.

Citigroup is not only focused on issuing stablecoins, but is also exploring managing reserves for other stablecoins as well as providing storage solutions for crypto assets.

This move demonstrates Citigroup’s commitment to not only being a player in stablecoin issuance, but also as a digital financial infrastructure service provider. With its stock value reaching its highest point since 2008, Citigroup is in a strong position to expand its operations in this new sector.

JPMorgan doesn’t want to be left behind

jpmorgan makes dollar transfer with blockchain technology — Source: PYMNTS

On the other hand, JPMorgan, which is also one of the leading banks, has shown interest in stablecoins albeit with a slightly different approach. JPMorgan’s CEO, Jamie Dimon, stated that his bank will be involved in the development of JPMorgan deposit coins and stablecoins to understand and master the sector.

Dimon admits that while he is less convinced of the usefulness of stablecoins over traditional payment systems, it is important for JPMorgan to stay relevant in competition with its rivals. Rumors circulating in June suggested that JPMorgan might launch a stablecoin, but this turned out to be related only to a deposit-based token.

Although JPMorgan predicted that stablecoins might not be as popular as Citigroup predicted, market pressures made it imperative for them to explore the industry. JPMorgan’s involvement in the sector shows that big banks are increasingly unable to ignore the growth and potential of stablecoins.

Broader Impact on the Financial Industry

Citigroup and JPMorgan’s interest in stablecoins signals a major change in the traditional finance industry (TradFi). These two institutions, with huge resources and influence, may attract more traditional financial companies to enter the crypto market.

This will not only increase the adoption of stablecoins, but could also accelerate the integration of blockchain technology in the mainstream financial system. In addition, with major banks entering the market, clearer and more structured regulations are expected to follow, bringing more stability and trust to investors and users.

Their presence in this market could also be a catalyst for further innovation, paving the way for the development of new financial products that could change the way the world transacts.

Conclusion

Citigroup and JPMorgan’s move to adopt stablecoins represents a new era in financial innovation. With these big banks leading the way, the future of stablecoins looks set to be increasingly integrated in the global financial system. It’s not just about creating a digital currency, but also about redefining how financial transactions are conducted in the digital age.

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