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Crypto, Tech, US

NEWS: Citigroup planning stablecoin services after new US law

The logo for Citibank is seen on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., August 3, 2021. REUTERS/Andrew Kelly/File Photo

By Tatiana Bautzer and Hannah Lang

CITIGROUP is exploring providing stablecoin custody and other services, a top executive told Reuters.

The move is a further sign sweeping policy changes in Washington are spurring major financial firms to expand into the cryptocurrency business.

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