Is Citi about to make crypto boring—and safe?

Core Insights - Citibank is planning to launch crypto custody services in the coming year, aiming to provide a credible solution for asset managers and clients [1] - The regulatory landscape for cryptocurrencies is evolving, particularly with the introduction of the GENIUS Act, which has encouraged banks like Citi to engage more with crypto [1] - Other banks, such as U.S. Bank and PNC Bank, are also entering the crypto custody space, while JPMorgan Chase has opted not to offer such services [3] Group 1: Crypto Custody Services - Citi is looking to offer custody services for digital assets, similar to traditional banking services [2] - U.S. Bank has recently resumed its custody services for crypto assets, while PNC Bank is partnering with Coinbase for custody and trading [3] Group 2: Stablecoins - Citi is exploring the launch of its own stablecoins and has invested in BVNK, a platform for stablecoin infrastructure [4] - The interest in stablecoins is growing, particularly for settling on-chain and crypto asset transactions [5]