Bloomberg: Citigroup partners with CEX to explore providing stablecoin payment services for clients.

On October 27, according to Bloomberg, Citigroup and CEX Global announced a partnership to jointly expand digital asset payment capabilities to serve the bank's corporate clients. This is the latest case of Wall Street giants turning to the Blockchain field in search of innovation against the backdrop of regulatory agencies continuing to warn about the risks of digital assets for many years. The initial phase of the cooperation will focus on exploring how to simplify the fund conversion processes for Citigroup's institutional clients – including converting from Crypto Assets to fiat, as well as the reverse operation of purchasing Crypto Assets with fiat, covering cross-border scenarios.

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