Citigroup is considering providing custody and payment services for cryptocurrencies, aiming at stablecoin assets. The bank’s executive, Biswarup Chatterjee, highlighted the need for custody solutions supporting high-quality assets related to Bitcoin and Ethereum ETFs.
The interest from Citigroup comes amid rising demand for Bitcoin ETFs, which manage approximately 1.3 million BTC, about 6.2% of total supply. This aligns with positive regulatory developments that favor cryptocurrency investments under the previous administration.
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