{"id":37156,"date":"2025-07-16T06:47:09","date_gmt":"2025-07-16T06:47:09","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=37156"},"modified":"2025-07-16T06:47:09","modified_gmt":"2025-07-16T06:47:09","slug":"jpmorgan-and-citi-explore-stablecoins-as-digital-payments-grow-in-popularity","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=37156","title":{"rendered":"JPMorgan and Citi Explore Stablecoins as Digital Payments Grow In Popularity"},"content":{"rendered":"<div>\n<p><span data-preserver-spaces=\"true\">Two of the world\u2019s largest banks are stepping further into the stablecoin world. <\/span><span data-preserver-spaces=\"true\">JPMorgan and Citigroup are both exploring how these digital assets could become part of mainstream finance, and this time, it is more than <\/span><span data-preserver-spaces=\"true\">just<\/span><span data-preserver-spaces=\"true\"> talk.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">On recent earnings calls, JPMorgan CEO Jamie Dimon and Citigroup CEO Jane Fraser confirmed that their institutions are actively developing or evaluating stablecoin projects.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Dimon Steps Off the Sidelines<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Jamie Dimon has been skeptical of stablecoins for years. He has often questioned why anyone would choose them over standard bank transfers or payment apps. Now, that position is starting to change. JPMorgan already has an internal deposit token called JPMD, which runs on its Base blockchain and is used for select institutional transactions. Now, the bank plans to begin testing external stablecoins as well.<\/span><\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Jane Fraser, Citi <a href=\"https:\/\/twitter.com\/search?q=%24C&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">$C<\/a> Q2 2025 earnings call: \u201cWe are looking at the issuance of a Citi stablecoin\u201d <img decoding=\"async\" src=\"https:\/\/s.w.org\/images\/core\/emoji\/15.1.0\/72x72\/1f447-1f3fb.png\" alt=\"\ud83d\udc47\ud83c\udffb\" class=\"wp-smiley\" style=\"height: 1em; max-height: 1em;\"> <a href=\"https:\/\/t.co\/RfFUIG9mVp\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/RfFUIG9mVp<\/a><\/p>\n<p>\u2014 Jevgenijs Kazanins (@jevgenijs) <a href=\"https:\/\/twitter.com\/jevgenijs\/status\/1945157848817672550?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">July 15, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p><span data-preserver-spaces=\"true\">Dimon said the move is about staying ahea<\/span><span data-preserver-spaces=\"true\">d.<\/span> <span data-preserver-spaces=\"true\">Fintech competitors are building digital payment tools that offer faster settlement and global reach. JPMorgan is not waiting around to see how it all plays out. It wants to be involved early enough to understand what works and what doesn\u2019t.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">Citigroup Explores Its Own Stablecoin<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Jane Fraser is taking a similar approach. <\/span><span data-preserver-spaces=\"true\">While Citigroup has so far focused on tokenized deposits, Fraser confirmed that the bank is <\/span><span data-preserver-spaces=\"true\">looking into launching<\/span><span data-preserver-spaces=\"true\"> a Citi-branded stablecoin.<\/span><span data-preserver-spaces=\"true\"> The project is still in its early stages, but the idea is gaining traction internally.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Citi analysts believe the stablecoin market could be worth over three trillion dollars by the end of the decade. That forecast has added urgency to Fraser\u2019s push to explore digital payment rails and new ways of offering liquidity.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/high-risk-high-reward-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">9+ Best High-Risk, High-Reward Crypto to Buy in July2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Why It Matters<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">These aren\u2019t just tech experiments. <\/span><span data-preserver-spaces=\"true\">Banks have been wary of stablecoins for years, <\/span><span data-preserver-spaces=\"true\">mainly because of<\/span><span data-preserver-spaces=\"true\"> unclear regulations and concerns <\/span><span data-preserver-spaces=\"true\">over<\/span><span data-preserver-spaces=\"true\"> compliance.<\/span> <span data-preserver-spaces=\"true\">Now, with legislative efforts <\/span><span data-preserver-spaces=\"true\">picking up<\/span><span data-preserver-spaces=\"true\"> in Washington, including the proposed GENIUS Act, the environment is <\/span><span data-preserver-spaces=\"true\">starting<\/span><span data-preserver-spaces=\"true\"> to <\/span><span data-preserver-spaces=\"true\">change<\/span><span data-preserver-spaces=\"true\">.<\/span><\/p>\n<div class=\"cpp-crypto-chart cpp-crypto-chart-99btc cpp-crypto-chart-btc\" data-coin-symbol=\"btc\" data-price-usd=\"BTC Price (USD)\" data-main-color=\"#4caf05\" data-watermark-image=\"https:\/\/99bitcoins.com\/wp-content\/uploads\/2025\/06\/99bitcoins-logo.png\" data-chart-style=\"99btc\">\n<div class=\"cpp-chart-top-section\">\n<div class=\"cpp-chart-info-section\">\n<div class=\"cpp-chart-logo\"><img decoding=\"async\" src=\"https:\/\/cimg.co\/wp-content\/uploads\/2024\/02\/26205235\/btc.svg\" alt=\"btc logo\"><\/div>\n<div class=\"cpp-chart-coin-details\">\n<div class=\"cpp-chart-labels-row\">\n<div class=\"cpp-chart-coin-name\">Bitcoin<\/div>\n<div class=\"cpp-chart-price-info\">Price<\/div>\n<div class=\"cpp-chart-market-cap\">Market Cap<\/div>\n<\/div>\n<div class=\"cpp-chart-values-row\">\n<div class=\"cpp-chart-coin-symbol\">BTC<\/div>\n<div class=\"cpp-chart-price\"><\/div>\n<div class=\"cpp-chart-market-cap-value\">$2.34T<\/div>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"cpp-chart-selectors cpp-chart-selectors-99btc\"><span class=\"cpp-chart-selector\" data-period=\"24h\">24h<\/span><span class=\"cpp-chart-selector\" data-period=\"7d\">7d<\/span><span class=\"cpp-chart-selector\" data-period=\"30d\">30d<\/span><span class=\"cpp-chart-selector\" data-period=\"1y\">1y<\/span><span class=\"cpp-chart-selector\" data-period=\"all_time\">All time<\/span><\/div>\n<\/div>\n<p><canvas id=\"cpp-chart-6877496d09458\" class=\"cpp-chart-container cpp-chart-container-99btc\"><\/canvas><\/div>\n<p><span data-preserver-spaces=\"true\">Dimon made it clear that regulation is still a <\/span><span data-preserver-spaces=\"true\">major<\/span><span data-preserver-spaces=\"true\"> factor. Without strong legal guardrails, large banks are unlikely to move beyond pilots. But having a plan in place gives them the option to move quickly once the path becomes clearer.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Fraser linked Citi\u2019s work on digital assets to a <\/span><span data-preserver-spaces=\"true\">wider<\/span><span data-preserver-spaces=\"true\"> effort that includes custody services and digital reserve management. For both banks, this is about preparing for a future where money moves differently.<\/span><\/p>\n<p><strong>DISCOVER: <a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\">Next 1000X Crypto: 10+ Crypto Tokens That Can Hit 1000x in 2025<\/a><\/strong><\/p>\n<h2><span data-preserver-spaces=\"true\">Other Banks Are Getting Involved<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">JPMorgan and Citi are not the only ones paying attention. <\/span><span data-preserver-spaces=\"true\">Earlier this year, banks <\/span><span data-preserver-spaces=\"true\">including<\/span><span data-preserver-spaces=\"true\"> Bank of America and Wells Fargo joined discussions about a <\/span><span data-preserver-spaces=\"true\">possible<\/span><span data-preserver-spaces=\"true\"> joint stablecoin project.<\/span><span data-preserver-spaces=\"true\"> That initiative is still in the idea phase, but it shows that interest is growing across the board.<\/span><\/p>\n<h2><span data-preserver-spaces=\"true\">What Comes Next<\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Both banks are likely to continue testing quietly while monitoring the regulatory front. JPMorgan may begin integrating select third-party stablecoins in small use cases, while Citigroup might focus on building internal infrastructure to support a future launch.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Stablecoins are no longer something the big banks are ignoring. With real money flowing into the space and fintechs moving fast, traditional finance is starting to make its move. Whether these projects reach consumers soon or remain behind the scenes, it is clear that the <\/span><span data-preserver-spaces=\"true\">stablecoin conversation<\/span><span data-preserver-spaces=\"true\"> has reached a new level.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">DISCOVER:\u00a0<\/span><a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-crypto-to-explode\/\" target=\"_blank\" rel=\"nofollow noopener sponsored\"><span data-preserver-spaces=\"true\">20+ Next Crypto to Explode in 2025\u00a0<\/span><\/a><\/strong><\/p>\n<p><strong><a class=\"general-link\" href=\"https:\/\/discord.gg\/B7Uk6agkqj\" target=\"_blank\" rel=\"nofollow noopener\"><span data-preserver-spaces=\"true\">Join The 99Bitcoins News Discord Here For The Latest Market Updates<\/span><\/a><\/strong><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<div class=\"nnbtc-key-takeaways\">\n<h2 class=\"nnbtc-key-takeaways__title\">Key Takeaways<\/h2>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<ul class=\"nnbtc-key-takeaways__list\">\n            <\/ul>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        JPMorgan and Citigroup are actively exploring stablecoins, moving beyond research and into early development and testing phases.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Jamie Dimon confirmed JPMorgan will begin testing external stablecoins, a change from his previous skepticism.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Citigroup is evaluating a Citi-branded stablecoin, with internal momentum building around future digital payment infrastructure.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n        Both banks are preparing for a regulated future, keeping pace with fintechs and global stablecoin trends while awaiting clearer rules.    <\/li>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">    <\/p>\n<li class=\"nnbtc-key-takeaways__list-item\">\n            <\/li>\n<p>    Other major banks, including Bank of America and Wells Fargo, are also exploring joint stablecoin initiatives, signaling wider industry interest.    <\/span><\/p>\n<\/div>\n<p>    <\/span><\/p>\n<p><span data-preserver-spaces=\"true\">[\/key_takeaways_list]<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">[\/key_takeaways]<\/span><\/p>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/adoption\/citi-stablecoin-in-early-development-says-ceo-jane-fraser\/\">JPMorgan and Citi Explore Stablecoins as Digital Payments Grow In Popularity<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Two of the world\u2019s largest banks are stepping further into the stablecoin world. JPMorgan and Citigroup are both exploring how these digital assets could become part of mainstream finance, and this time, it is more than just talk. On recent earnings calls, JPMorgan CEO Jamie Dimon and Citigroup CEO Jane Fraser confirmed that their institutions [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-37156","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37156","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37156"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/37156\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37156"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37156"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37156"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}