Citi Calls Stablecoins "Clunky" but Builds Ways to Use Them
- —Fraser: stablecoins are harder for corporate clients due to compliance, accounting and tax rules
- —Citi Token Services operates in seven markets and links to Citi's 24/7 clearing
- —Spring by Citi with Coinbase accepts stablecoins and settles merchants in fiat, starting in the US
- —DBS-Citi test on Swift's Digital Ledger settled in minutes on September 5 within a pilot running to December 2026
Why it matters: A major bank is favoring tokenized deposits over stablecoins for corporate transfers, shaping how institutions adopt digital money.
Source: Coindoo