On Tuesday, Citigroup (C) had its second quarter of 2025 earnings name.
Through the name, Ebrahim Poonawala, Head of North American Banks Analysis at BofA Securities, requested how Citi is utilizing stablecoins internally for treasury and world liquidity administration and whether or not their adoption might disrupt the financial institution’s service revenues.
Citi CEO Jane Fraser mentioned the financial institution views digital property as the subsequent step within the broader digitization of finance, echoing the sooner shift introduced on by fintech. She emphasised that Citi’s technique is centered on assembly consumer demand for seamless, cross-border, multi-bank, always-on options with built-in compliance, reporting, and accounting options.
She outlined 4 key areas Citi is pursuing: stablecoin reserve administration, on- and off-ramps between fiat and digital currencies, custodial providers for crypto, and tokenized deposits — calling the final of those its most energetic space.
Fraser confirmed, “We’re trying on the issuance of a Citi stablecoin,” however made clear that tokenized deposits presently signify the extra fast focus. She added that these improvements are serving to Citi modernize inside operations, unlock new income streams, and purchase purchasers.
Citigroup reported second-quarter 2025 internet earnings of $4.0 billion, or $1.96 per diluted share, up from $3.2 billion, or $1.52 per share, a 12 months earlier. Income rose to $21.7 billion, an 8% improve from Q2 2024, pushed by progress throughout all 5 of the financial institution’s core companies.
