Citi & JPMorgan dey Eye USD Stablecoins as Regulatory Clarity clear
Citi and JPMorgan Chase dey waka fast for their push into USD stablecoins and tokenized deposits. Citigroup CEO Jane Fraser don confirm plans for “Citi stablecoin” plus on-chain customer deposit tokens to make cross-border settlements and institutional trading sharp and cheaper. JPMorgan dey prepare to launch JPMD for their Base network, targeting blockchain-based deposit solutions. Both initiatives dey benefit from new regulatory clarity under the GENIUS Act. With global stablecoin market worth $257 billion and e fit reach $3.7 trillion by 2030, crypto traders suppose dey watch for official filings, pilot programs, reserve management services, and custody rollouts as wetin fit drive liquidity and market adoption.
Neutral
Di news sey Citi an JPMorgan dae roll out USD stablecoins an tokenized deposits no go likely make price move for stablecoin market, becos dis kain asset dem suppose keep 1:1 peg. Even tho big banks comot fit boost usage, liquidity, an market stability wit time, e no affect stablecoin value dem direct. For short term, traders no suppose expect wahala, but as more institution dem dey use am, e fit make market dey deep an transaction plenty for long run.