Citi made its own shitcoin for institutions.

“In a March report, Citi said that the digital asset world was nearing an “inflection point” and that crypto adoption will be powered primarily by the rise of central bank digital currencies (CBDCs) and the tokenization of real-world assets.”

https://decrypt.co/197602/citigroup-launches-smart-contract-digital-token-service-for-institutions?amp=1

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Discussion

Literally #ShittyCoin.

🤣

Dèja vu all over again.

Suits are gonna get rekt

So... institutional shitcoins is this cycle's hot stuff, ey? Trillions of of inst. $ will create a narrative why bitcoin is the slow dinosaur yet again. And it will all fail again. Ahhh, the ponzi spiral must go on. 🥰

wtf is the point of a private blockchain. Just use a database. So fucking stupid.

That doesn’t rhyme with equity

Sounds like they use X.

If it’s internal to citi, why wouldn’t they just make journal entries in their ledger they already use? It just creates an extra step(s).

Shiticoin, yep.