.jpg)
This Week’s Highlights
- Ten major global banks explore issuing stablecoins pegged to G7 currencies
- China positions RMB stablecoins for trade and global currency strategy
- Citi targets 2026 launch of stablecoin custody and payments services
Major Banks Explore Issuing G7-Pegged Stablecoins
A consortium of prominent banks, including Bank of America, Deutsche Bank, Goldman Sachs, UBS, Citi, and others, has announced plans to collaboratively explore issuing stablecoins pegged to G7 currencies. The project remains in its early stages, focused on feasibility, compliance, and risk frameworks for public blockchain-based assets backed 1:1 by fiat.
The initiative signals the banking sector’s intensified push into digital asset infrastructure. Success could shift how capital allocators think about stablecoin treasury roles, bringing institutional rigor to reserve backing, interoperability across networks, and stablecoin risk management in large scale deployments.
China Reorients RMB to Stablecoin Strategy via Hong Kong
China is actively rethinking its approach to crypto by paving the way for RMB-linked stablecoins as tools for currency internationalization. Despite maintaining strict capital controls and crypto bans domestically, Beijing is using Hong Kong’s stablecoin licensing regime as a controlled test zone for offshore yuan stablecoins.
Hong Kong’s Stablecoins Ordinance took effect on August 1 and positions the city as a regulated hub for fiat-referenced stablecoin issuers. With China’s State Council reportedly reviewing a roadmap for RMB-stablecoin use in trade settlement, the move reflects a strategic bet: aligning regulatory structure with China’s global currency ambitions without loosening mainland controls.
Citi Aims to Launch Crypto Custody & Stablecoin Services in 2026
Citi has confirmed plans to launch crypto custody and payments services in 2026, including those linked to stablecoin assets. The bank sees the opportunity presented by new stablecoin legislation and market demand for regulated custody and transaction solutions. (Note: The precise source for this claim was not verified among the listed links.)
If implemented, Citi’s entry would add institutional weight to stablecoin infrastructure. For capital allocators, this could mean stronger options for stablecoin management system integration under trusted banking platforms, with emphasis on compliance, backing audits, and seamless treasury integration.
—
This Weekly Summary is prepared by brava.finance.
About Brava Finance:
Brava Finance is a high-yield cash allocation platform that gives professional investors access to blockchain-based stablecoin credit markets. By routing capital into hundreds of secure, collateralised lending pools, Brava delivers automated, transparent, and risk-adjusted yield while users retain full control of their assets through non-custodial smart vaults. Built for capital allocators, Brava combines institutional-grade infrastructure with next-generation financial access.
Disclaimer: Brava Finance does not provide financial advice or guarantee investment performance. Users should assess their own financial circumstances and risk tolerance before using the platform. Brava operates in compliance with applicable regulations and does not manage or hold client funds. Users remain in control of their assets at all times.
Citations:
https://www.cnbc.com/2025/10/13/citi-aims-to-launch-crypto-custody-in-2026-exploring-stablecoin.html
