Citigroup CEO Backs Tokenized Deposits, Says Too Much Focus on Stablecoins

Citigroup (C) CEO Jane Fraser offered a clear stance on the future of digital finance, telling investors that tokenized deposits — not stablecoins — will be the primary engine behind next-generation payments and financial market infrastructure. Speaking on an investor call following the bank’s third-quarter earnings release on Tuesday, Fraser explained that institutional clients are asking for seamless, real-time cross-border money movement that is low-cost and compliant. “What our clients want is intero ...