Quote from: bbc.reporter on Today at 02:28:27 AM

@zasad@. I reckon that this not only blah blah blah for Citibank. They are top 3 bank in America with international branches. If they do not join the stablecoin business they are risking becoming only a top 4 or top 5 bank if the other banks begin their own stablecoin business.

Stablecoins have become a big business with Tether having a net profit of $13 billion on 2024. They also have only over 100 employees hehehe. This implies that the expenses for doing this business is very low but the profit is very high. It will be very headshaking for Citibank if they will say no to this.

I agree with you that Citibank is most likely interested in this business. But here's the problem: Citibank issues stablecoins Citi USDT and who needs them?
There are many problems with competition in the market and how to make users choose their stablecoins instead of the well-known USDT and USDС?