Citi and Coinbase Deepen Stablecoin Payment Integration

Citi and Coinbase have expanded their collaboration to integrate traditional banking rails with digital asset platforms.

The partnership provides corporate and institutional clients with scalable on and off ramps for stablecoin payments, removing the need for businesses to build separate blockchain infrastructure.

Two main initiatives are launching first in the US as part of a broader effort to bridge traditional finance and digital assets. The collaboration supports Citi's strategy to develop end-to-end payments solutions for the digital economy.

Coinbase has selected Citi's Virtual Account Wallet to power its new Coinbase Virtual Accounts, providing payments customers on the platform with functionality similar to a traditional bank account.