Citigroup Plans Stablecoin Services & ETFs: $BEST Is Getting Attention
The post Citigroup Plans Stablecoin Services & ETFs: $BEST Is Getting Attention appeared on BitcoinEthereumNews.com. The race for control of crypto’s next big growth markets is heating up. Citigroup is gearing up for a direct challenge to Coinbase’s grip on crypto ETF custody, unveiling plans to secure the high-quality reserves backing stablecoins and the digital assets underpinning exchange-traded products. Source: @WhaleInsider on X The move comes as the US regulatory climate improves under the GENIUS Act, giving banks clearer rules for handling digital assets. With the stablecoin market around $282B and US spot Bitcoin ETFs managing more than $154B in assets, custody has become a high-stakes battleground. And the same focus on secure, scalable infrastructure is fueling growth for retail-facing projects like Best Wallet’s $BEST token. Citi’s Stablecoin Custody Play Citigroup’s first priority is custody for the ‘high-quality assets’ backing regulated stablecoins (primarily US treasuries and cash) in compliance with the GENIUS Act’s Federal Reserve requirements. By focusing on these low-risk instruments, Citi positions itself as a safe harbor for issuers looking to navigate tighter oversight. The bank also plans to expand into real-time, cross-border stablecoin transactions, building on its existing blockchain-based dollar transfer network linking New York, London, and Hong Kong. For big companies, it’s about making payments land faster and cost less, without losing compliance. And in a world where speed and trust are equally important, Citi’s stablecoin custody push could be the kind of middle ground global firms have been waiting for, blending the reliability of traditional banking with the efficiency of blockchain. ETF Custody and Market Growth US spot Bitcoin ETFs now hold roughly 1.3M $BTC (about 6.2% of the circulating supply), with BlackRock’s iShares Bitcoin Trust (IBIT) leading the pack at around $88B in value. Source: BiTBO Ether-based products are gaining momentum too, with BlackRock’s Ethereum fund crossing $15B in assets at one of the fastest growth rates on record.…
The post Citigroup Plans Stablecoin Services & ETFs: $BEST Is Getting Attention appeared on BitcoinEthereumNews.com.
The race for control of crypto’s next big growth markets is heating up. Citigroup is gearing up for a direct challenge to Coinbase’s grip on crypto ETF custody, unveiling plans to secure the high-quality reserves backing stablecoins and the digital assets underpinning exchange-traded products. Source: @WhaleInsider on X The move comes as the US regulatory climate improves under the GENIUS Act, giving banks clearer rules for handling digital assets. With the stablecoin market around $282B and US spot Bitcoin ETFs managing more than $154B in assets, custody has become a high-stakes battleground. And the same focus on secure, scalable infrastructure is fueling growth for retail-facing projects like Best Wallet’s $BEST token. Citi’s Stablecoin Custody Play Citigroup’s first priority is custody for the ‘high-quality assets’ backing regulated stablecoins (primarily US treasuries and cash) in compliance with the GENIUS Act’s Federal Reserve requirements. By focusing on these low-risk instruments, Citi positions itself as a safe harbor for issuers looking to navigate tighter oversight. The bank also plans to expand into real-time, cross-border stablecoin transactions, building on its existing blockchain-based dollar transfer network linking New York, London, and Hong Kong. For big companies, it’s about making payments land faster and cost less, without losing compliance. And in a world where speed and trust are equally important, Citi’s stablecoin custody push could be the kind of middle ground global firms have been waiting for, blending the reliability of traditional banking with the efficiency of blockchain. ETF Custody and Market Growth US spot Bitcoin ETFs now hold roughly 1.3M $BTC (about 6.2% of the circulating supply), with BlackRock’s iShares Bitcoin Trust (IBIT) leading the pack at around $88B in value. Source: BiTBO Ether-based products are gaining momentum too, with BlackRock’s Ethereum fund crossing $15B in assets at one of the fastest growth rates on record.…
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