<\/p>\n
This article first appeared on GuruFocus<\/a>.<\/p>\n Citigroup (NYSE:C<\/a>) is quietly making<\/a> one of its biggest digital bets yetjoining a consortium of nine European lenders, including ING Groep, UniCredit, and DekaBank, to launch a regulated euro-based stablecoin. The group has already set up a new Netherlands-based entity to run the project, targeting a token debut in the second half of 2026. For Citigroup, the move could mark a turning point: it’s the only non-European bank in the alliance, positioning itself at the center of Europe’s effort to build an alternative to the dollar-led stablecoin market. The banks say their shared goal is to boost Europe’s strategic autonomy in payments by creating a credible, homegrown digital euro system.<\/p>\n Behind this partnership lies a bigger storyone about how fast digital money is moving into the mainstream. Stablecoins, which are designed to hold steady against fiat currencies, could handle over $50 trillion in payments by 2030, according to Bloomberg Intelligence. That would mean as much as a quarter of consumer transactions could flow through blockchain rails, up from almost nothing today. The market, still dominated by dollar-tied tokens, leaves plenty of room for growth in euro-based coins, which currently make up just around $477 million of the $300 billion total supply.<\/p>\n Citigroup’s blockchain ambitions are expanding on several fronts. Earlier this week, its venture arm backed BVNK, a stablecoin infrastructure firm, while the bank itself joined Goldman Sachs and Bank of America in exploring digital-money systems for institutional payments. CEO Jane Fraser recently confirmed the bank is considering its own stablecoin, signaling a deeper commitment to the space. Citigroup shares slipped about 1% to $94.75 on Friday, marking a fourth straight decline, though the stock remains up roughly 35% this yeara reminder that Wall Street’s digital experiments are now very much part of the financial mainstream.<\/p>\n","protected":false},"excerpt":{"rendered":"This article first appeared on GuruFocus. Citigroup (NYSE:C) is quietly making one of its biggest digital bets yetjoining…\n","protected":false},"author":2,"featured_media":69241,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[114,9843,63,85,46],"class_list":{"0":"post-69240","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-business","9":"tag-citigroup","10":"tag-europe","11":"tag-il","12":"tag-israel"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/69240","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=69240"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/69240\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/69241"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=69240"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=69240"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=69240"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}