Source: Tech – South China Morning PostCompanies are eager to explore the advantages of stablecoins as the world shifts rapidly towards instantaneous payments, clearing and settlements, but they want greater clarity on regulations and use cases, according to a senior Citigroup banker.
The observation came amid the US bank’s effort to offer technology-enhanced services and its statement that it was looking at the issuance of a “Citi stablecoin”. Stablecoins are digital tokens backed by fiat currencies or other reserve assets.
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