Citi expands tokenized deposit service to Japan and UAE
- —Service already live in the US, Ireland, Hong Kong, Singapore and the UK
- —Japan supports USD transactions; UAE supports USD and EUR
- —Processes billions of dollars for corporates and financial institutions
- —Enables 24/7 near-instant transfers between Citi accounts
Why it matters: A top US bank is scaling tokenized deposits as an institutional alternative to stablecoins for cross-border payments.
Source: CoinPost