On Tuesday, Citigroup (C) had its second quarter of 2025 earnings call.
During the call, Ebrahim Poonawala, Head of North American Banks Research at BofA Securities, asked how Citi is using stablecoins internally for treasury and global liquidity management and whether their adoption could disrupt the bank’s service revenues.
Citi CEO Jane Fraser said the bank views digital assets as the next step in the broader digitization of finance, echoing the earlier shift brought on by fintech. She emphasized that Citi’s strategy is centered on meeting client demand for seamless, cross-border, multi-bank, always-on solutions with built-in compliance, reporting, and accounting features.
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