Citibank plans to provide digital asset custody services, will the next step be the issuance of Stable Coin?

According to The Information, Citigroup, the third-largest bank in the United States by asset size, is exploring the inclusion of Cryptocurrency custody services in its business scope. (Background: Bank to issue Stable Coin "The era is coming? Federal Reserve Director: Institutions should be allowed issuance to help consolidate the global status of the US dollar) (Background: Citigroup: BTC will not end the US dollar, the popularization of Stable Coin will instead consolidate the dominant position of the US dollar) According to The Information, Citigroup, the third-largest bank in the United States by asset size, is exploring the inclusion of Cryptocurrency custody services in its business scope. It is introduced that Citigroup's interest in Cryptocurrency custody services stems from an experimental project announced in February 2024, demonstrating the ability to issuance and custody tokenized private sale equity funds on the Block chain network. Several banks have obtained digital asset custody qualifications Currently, several banks have been allowed to provide digital asset custody services in different countries, such as: BNY Mellon in New York has obtained regulatory approval to provide digital asset custody services other than BTC and Ethereum ETFs; Standard Chartered Bank has launched a digital asset custody infrastructure in Dubai; HSBC has announced plans to provide institutional-grade custody services; The joint venture of Crédit Agricole and Banco Santander is allowed to provide encryption custody services. Next step issuance Stable Coin? According to Bloomberg's report on February 13, Federal Reserve Director Christopher Waller stated that Stable Coin actually poses a risk of bank run, and the US regulatory framework can directly, comprehensively, and specifically address this risk. Waller suggested that in this regulatory framework, banks and non-bank institutions should be allowed to issuance regulated Stable Coins: This framework should allow banks and non-bank institutions to issuance regulated Stable Coins, and should consider the impact of regulation on the payment field. Currently, including Citigroup, many banks have expressed their intention to provide Cryptocurrency custody services (or have obtained qualifications). Combining Federal Reserve Director Waller's views, it is inevitable to speculate that the time for these banking giants to issuance Stable Coin may be approaching. Related reports: FSC plans to open bank issuance of Stable Coin: linking to new Taiwan Coin, US dollar, manipulating the market most heavily fined in the past decade Tether may be forced to sell BTC? JPMorgan: Cooperate with new US Stable Coin regulations, CEO responds quickly Depth Report: Potential and Development of Cryptocurrency & Stable Coin in Africa's digital economy <Citigroup plans to provide digital asset custody services, is the next step to issuance Stable Coin? This article was first published on BlockTempo, the most influential Blockchain news media in the dynamic Block sector.