Citi and Rain Explore Stablecoins’ Role in Global Money Markets
Citi and stablecoin payment platform Rain see global money markets as the next major battleground for digital assets. As stablecoins move beyond crypto-native use cases, attention is shifting from decentralization toward practical performance, including cross-border payments, settlement speed, fund security and integration with financial institutions.
In a recent podcast, Citi’s head of digital assets and Rain’s chief executive said stablecoins would work alongside tokenized deposits and existing banking infrastructure to enable faster, lower-friction movement of money worldwide. The discussion did not involve an investment or transaction, so no amount was disclosed. The information provided also did not specify the podcast’s release date.
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The history behind this eventStablecoins Usher Digital Payments Into a New Era
Stablecoins began as dollar-pegged instruments that allowed crypto traders to avoid price volatility. They are now gradually becoming core infrastructure for corporate cross-border payments and treasury management. Traditional high-value B2B payments rely on Swift messaging and post-transaction reconciliation, and transactions exceeding $5,000 can take days to settle. Tether's USDT, Circle and Ripple are moving into this market with real-time, around-the-clock settlement.
On March 9, 2026, First Digital CEO Vincent Chok discussed agentic payments at Abu Dhabi Finance Week. On March 16, Mansa Chief Operating Officer Nkiru Uwaje forecast that adoption among licensed providers could reach 70%–80% over the next 24 months. On May 14, CoinDesk reported that stablecoins were already being used for supplier payments and corporate treasury operations.
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