Citigroup considers providing stablecoin and cryptocurrency ETF custody and payment services According to a report by Golden Finance, Citigroup is exploring the provision of custody, payment, and US dollar exchange services for stablecoin and cryptocurrency related ETFs. The company plans to custody US bonds and cash that support stablecoins, and may also issue its own stablecoins. This move is driven by the US Congress passing stablecoin legislation and the Trump administration relaxing regulations. Citigroup is also considering using stablecoins to achieve cross-border instant payments and discussing application scenarios with customers. At present, Coinbase dominates the custody business in this field.