@zasad@. It is the beginning. Did they mention which blockchain they will use to issue their stablecoins? I predict that this will be on Ripple because it appears that they have created a few banking partnerships already. However, this might also make this an isolated issuance because there no ways to bridge from Ethereum or Solana to Ripple.
Citi might be correct, it will only be a good opportunity for them if this is in Ripple because if this is issued in Ethereum or Solana, their stablecoin will certainly create liquidity inflows through Curve or Aave and the others hehehe.