Major banks (Citi, Lloyds, MUFG) forming stablecoin JV by year-end

Citi announced a strategic partnership on September 1, 2026.

Primary

Citi

Date

September 1, 2026

Sub-sector

Crypto / Stablecoin

Large incumbent players entering stablecoin space signals potential ecosystem shift, but early-stage structure makes direct competitive threat unclear for sub-$250M fintechs. Worth monitoring for partnership or integration opportunities.

Primary company

Citi

Counterparty

Not disclosed

Amount

Not disclosed

Event date

September 1, 2026

Sub-sector

Crypto / Stablecoin

HQ

Not disclosed

Structure

Not disclosed

Source published

Not disclosed

Publisher

Finextra

Source: finextra.com