Forget Bitcoin & Ethereum — Citi's Stablecoin Bet Could Spark A $1.9 Trillion Boom By 2030 - Citigroup (NYSE:C)

Citigroup Inc. (NYSE:C) has quietly joined Wall Street's stablecoin race, investing in U.K.-based BVNK as banks prepare for what could become a $1.9 trillion market for tokenized dollars.Citi Deepens Push Into Tokenized MoneyThe deal came through Citi Ventures on Thursday. BVNK handles over $20 billion in annual transactions for clients such as Worldpay, Flywire, and dLocal."Stablecoins are gaining traction in on-chain settlement and asset payments," said Arvind Purushotham, head of Citi Ventures. The bank ...