Citigroup is poised to become one of the first major Wall Street banks to offer stablecoin payment services, marking a significant step in the traditional finance sector's adoption of blockchain-based digital dollars. This move is accelerated by the earlier passage of the GENIUS Act, which provided a regulatory framework for stablecoins in the U.S.
According to Bloomberg, Citi is partnering with crypto exchange Coinbase to bridge the gap between traditional banking and the blockchain ecosystem, initially by easing fund transfers between fiat and crypto for clients.
Debopama Sen, Citi’s head of payments, confirmed the bank is actively "exploring solutions to enable onchain stablecoin payments" for its clients. Sen noted that client demand is rising for features like programmability, conditional payments, and faster, more efficient global transactions, predicting that stablecoins will be a "cornerstone" of the future digital payments landscape.
This focus comes as Citi substantially revised its forecast for the sector, now expecting the global market for tokenized dollars to surge from its current approximately $315 billion to $4 trillion by 2030.Citi is not alone; the GENIUS Act has spurred competitors like JPMorgan and Bank of America to explore similar stablecoin strategies. Even historically skeptical JPMorgan CEO Jamie Dimon recently stated the bank "plans to be involved." Meanwhile, the market confidence is underscored by Circle's (USDC issuer) landmark IPO earlier this year, where its shares surged 167% on debut.
Citi's integration of stablecoin payments signifies a turning point where digital dollars are evolving from a niche crypto tool into a legitimate global financial infrastructure component.
October 2025, Cryptoniteuae