Citibank plans to provide digital asset custody services. Will it issue stablecoins next?

Here is the English translation: According to a report by The Information citing informed sources, Citigroup, the third-largest bank in the US by assets, is exploring incorporating cryptocurrency custody services into its business. It is reported that Citibank's interest in cryptocurrency custody services stems from a pilot project it announced in February 2024, which demonstrated the ability to issue and custody tokenized private equity funds on a Block chain network. Multiple banks have obtained digital asset custody service qualifications Currently, multiple banks have been allowed to provide digital asset custody services in different countries, such as: - BNY Mellon in New York has obtained regulatory approval to provide digital asset custody services other than Bitcoin and Ethereum ETFs; - Standard Chartered Bank has launched a digital asset custody infrastructure in Dubai; - HSBC has announced plans to provide institutional-grade custody services; - A joint venture between Crédit Agricole and Banco Santander has been allowed to provide crypto custody services. The next step is to issue stablecoins? According to a Bloomberg report on February 13, Federal Reserve Governor Christopher Waller stated that stablecoins actually have redemption risks, and the US regulatory framework can directly, comprehensively and specifically address this risk. Waller suggested that this regulatory framework should allow both banks and non-banks to issue regulated stablecoins, and consider the impact of regulation on the payments sector. Currently, multiple banks, including Citigroup, have expressed interest in providing cryptocurrency custody services (or have already obtained qualifications), combined with Governor Waller's views, it is not surprising to speculate that the time for these banking giants to issue stablecoins may be approaching.