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21 January 2021

Citigroup Helping World Governments Build Digital Currencies, CEO Says - CoinDesk

Citigroup Helping World Governments Build Digital Currencies, CEO Says - CoinDesk


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Citigroup Chief Executive Michael Corbat said his bank is helping governments “around the world” in creating sovereign digital currencies, otherwise known as central bank digital currencies, or CBDC.

But he said that “some of these currencies will be continued alternatives, continued different sources of payment that people can take advantage of based on the underlying nature of what they are” – a seeming reference to stablecoins.

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